Gate Research: BTC Pulls Back After Breaking Above $80,000, Oil Prices and Treasury Yields Weigh on Risk Appetite Again

• Equity Market Overview: U.S. equities briefly approached record highs on strength in technology stocks before rising oil prices and a return of the 10-year Treasury yield to around 5% weighed on risk appetite. Hong Kong stocks retreated for a second consecutive session, while South Korea’s KOSPI remained above 7,000 as semiconductor heavyweights continued to provide support.

• Crypto Market Overview: BTC gained approximately 10.41% over the past seven days to $84,374, while ETH rose around 9.85% to $2,689. Both remained above their key medium-term moving averages, although a sharp 24-hour pullback signaled weaker short-term momentum. BTC dominance stood at approximately 58.77%.

• Key Data Highlights: Total crypto market capitalization recovered to approximately $2.88 trillion, while stablecoin supply rose to around $312.6 billion. The tokenized-equity market reached approximately $3.2 billion, with related decentralized exchanges recording around $15.75 billion in monthly trading volume.

• This Week’s Focus: The U.S. SEC granted five-year conditional exemptions for tokenized U.S. equity trading. Blockchain.com and the New York Stock Exchange plan to provide access to tokenized stocks and ETFs, while Galaxy allocated approximately $100 million to Sky’s sUSDS.

• What to Watch Next Week: Major token unlocks will involve XPL, H, GT, FOGO, B2, FF, and GUN. XPL’s unlock is valued at approximately $157 million, while FOGO’s release represents around 42.24% of its circulating supply. Oil prices, the 10-year Treasury yield, U.S.-China policy signals, and end-of-month altcoin liquidity will also warrant close attention.

Discover more details today → Gate Research: BTC Pulls Back After Breaking Above $80,000, Oil Prices and Treasury Yields Weigh on Risk Appetite Again

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
September 24, 2026

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