Bitcoin beat every major asset this quarter — including gold

Gold fell 4% on Monday. Bitcoin slipped 1%. Fidelity's macro chief says the double-bottom breakout points to $100K. And September may be about to shatter a decade-long losing streak. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tuesday, September 29, 2026   Bitcoin is up 0.90% to $84,327 this morning — and quietly doing something remarkable. While gold fell nearly 4% on Monday as the Dollar Index surged above 101 on 2007-high yields, bitcoin slipped just 1% before bouncing back. Over the full quarter it has gained more than 40%, making it the world’s best-performing major asset. The chart tells a compelling structural story: Fidelity Investments’ director of global macro, Jurrien Timmer, says bitcoin has confirmed a double-bottom breakout above $80,000 — a pattern that historically targets $100,000. The $90K, $95K and $100K call options on Deribit hold a combined $6.57 billion in open interest. With two calendar days left in September, bitcoin is also on track to break a 13-year streak of negative Septembers. Stay alert. Read today’s full report → Market snapshot As of 8am EST Asset Price 24h BTC $84,327 +0.90% ETH $2,731 +1.52% SOL $120.10 +0.07% XRP $1.52 −0.43% Prices approximate. Visit coindesk.com/price for live data. What matters today Markets   Story 1 of 3 Bitcoin beats gold — and a Fidelity analyst says $100,000 is in play As longer-duration Treasury yields hit 2007 highs and the Dollar Index surged above 101 on Monday, gold fell nearly 4% — its worst single-day drop of the quarter. Bitcoin slipped just 1% in the same session before recovering to $84,000. Over the full quarter it has gained more than 40%, making it the world’s best-performing major asset by a wide margin. Jurrien Timmer, Fidelity Investments’ director of global macro, says bitcoin has confirmed a “double-bottom breakout” above $80,000, a chart pattern that confirms a bullish trend reversal and historically targets $100,000 — using lows of $60,033 and $57,742 set earlier this year, with the middle peak near $82,800 acting as the neckline. Options traders appear aligned: the $90K, $95K and $100K call strikes on Deribit hold a combined $6.57 billion in open interest, with $90K calls leading at $2.45 billion. Read more → Markets   Story 2 of 3 Bitcoin rebounds above $84,000 as Treasury yields steady Bitcoin pulled back to $82,500 on Monday before recovering above $84,000 overnight as Treasury yields steadied after the 10-year briefly touched 5.2%. Spot bitcoin ETFs drew $30 million in inflows Tuesday, a modest but positive reading after last week’s $2.84 billion six-day streak. The $82,813 support level — the former resistance that flipped on September 21 — held, reinforcing the bullish structure. Aave led DeFi higher with a 7% gain as the broader market shrugged off the continued bond selloff, while AAVE open interest rose to a record $1.4 billion. U.S.–Iran indirect talks with mediators resumed on Monday, with Middle East crude exports climbing to their highest level since the conflict began — a constructive sign for oil supply and by extension for inflation expectations. Read more → Markets   Story 3 of 3 Bitcoin is about to shatter a 13-year September losing streak Since 2013, every time bitcoin has posted a positive August, it has finished September in the red — a streak that has held through bull and bear markets alike. With two calendar days remaining, bitcoin is up approximately 2% for September, on track to break that pattern and deliver three consecutive months of gains from July through September. A positive close would also be the first positive September since 2023. Analysts note the streak’s persistence has made September a self-fulfilling sell signal for some traders, meaning a clean break above it could trigger short-covering. The quarter itself is already bitcoin’s best since Q4 2024 at over 40% gains, and a positive September close would give the bull case one more historical tailwind heading into Q4 — historically bitcoin’s strongest quarter. Read more → CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Crypto Daybook Americas: A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2026 CoinDesk, All rights reserved.  CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY 10011, USA Unsubscribe Manage preferences

Goldman's $100B fund just went onchain (sort of)

No blockchain required. Goldman just plugged its $100B Treasury fund into crypto's settlement infrastructure. Plus: Senate Dems call Tether a lifeline for Iran, and AI agents could trigger a bank run. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monday, September 28, 2026 Goldman Sachs brings $100 billion Treasury fund into crypto's institutional plumbing Goldman's roughly $100 billion FTIXX Treasury fund is coming to institutional crypto firms through Lynq, a settlement network used by digital-asset companies — without being tokenized. Rather than building a blockchain product like BlackRock's BUIDL or Franklin Templeton's BENJI, Goldman is using Lynq as a new distribution channel for an existing traditional fund. Firms like B2C2, Wintermute, Galaxy, and Fireblocks can now park idle cash in FTIXX between trades and earn yield, with trades handled by SEC-registered broker-dealer tZERO Securities. It's a template for how Wall Street might enter crypto infrastructure without touching a blockchain at all. 2-minute read → Policy Tether is a 'lifeline' for Iranian regime, Senate Dems say in new report Democrats on the Senate's Permanent Subcommittee on Intelligence published a report Monday alleging that USDT has become a key tool for Iran to bypass sanctions — with an estimated $2 billion in government transactions last year alone. The report says Tether "repeatedly failed" to block Iran-connected wallets and that prior to 2024, the company didn't consistently freeze wallets designated by counter-terrorism agencies. Tether responded by listing nearly $550 million in Iran-linked freezes it says it has supported at U.S. authorities' request. 2-minute read → Markets AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns Apollo Chief Economist Torsten Slok warned Sunday that AI assistants like Meta's Muse could trigger a slow-motion bank run — automatically sweeping household cash from checking accounts earning 0.1% into high-yield alternatives paying 3–5%. If widely adopted, that shift could drain the cheap deposits banks rely on to make loans, threatening the broader financial system. Crypto is already building the payment rails these agents would need: Coinbase's x402 protocol has processed over 200 million transactions across 69,000 active agents. 2-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.

Sentiment is cooling but traders aren't panicking yet

Sentiment is cooling and puts are getting pricier — but options data says traders aren't panicking yet. Trump left open more Iran strikes. And Newsom banned politician memecoins. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monday, September 28, 2026   Bitcoin is down 1.61% to $83,402 this morning as Trump said Sunday he wouldn’t rule out more military strikes on Iran before November’s midterm elections — sending oil above $108 and pushing Treasury yields back to 5.20%, their 2007 high. The Friday rally is fully unwound. Options data tells an interesting story: bearish put demand has ticked up and calls have given back their premium, but the skew reading is barely registering compared to its historical average — meaning sentiment has cooled but traders aren’t yet pricing a crash. Bitcoin is testing the $82,813 support zone that flipped from resistance on September 21; whether it holds will determine the near-term direction. California Governor Newsom separately signed a law banning state politicians from issuing memecoins, framing it explicitly as a rebuke of Trump’s $TRUMP token. Stay alert. Read today’s full report → Market snapshot As of 8am EST Asset Price 24h BTC $83,402 −1.61% ETH $2,685 −0.80% SOL $119.59 −3.04% XRP $1.52 −1.23% Prices approximate. Visit coindesk.com/price for live data. What matters today Markets   Story 1 of 3 Traders aren’t panicking yet — but crypto sentiment is cooling Bitcoin and ether have come under pressure since the rally stalled last Monday, but options market data suggests traders are not yet positioning for a deep selloff. The skew metric — which tracks the cost of downside puts relative to upside calls — has moved in favor of puts, but the reading is near the 92nd percentile of its 52-week range against a median of −4.41, meaning protection is historically cheap even after calls gave up their premium. 10x Research notes put demand has jumped over recent days but calls it a short-term hedge rather than a regime shift. Bitcoin’s implied volatility is back near cycle lows while realized volatility runs 12 points higher — some options are priced at 30 vol on a market moving at 42. The key technical level to watch is $82,813, the former resistance that flipped to support on September 21 and is now being tested. Read more → Markets   Story 2 of 3 Bitcoin and Nasdaq slide as Trump won’t rule out more Iran strikes Trump said Sunday he expected the war with Iran to end “very soon” but declined to rule out additional military strikes before November’s midterm elections, saying: “I don’t want to say that. I mean, it’s possible, but I just don’t want to say that.” Oil rose above $108 in response — pushing Treasury yields back to 5.20%, a 2007 high — while bitcoin fell 1.3% and Nasdaq futures dropped 0.7% in overnight trading. Iran’s Foreign Minister warned his country is “fully prepared” for a resumed conflict; the U.S. rejected Iran’s proposal to reopen the Strait of Hormuz for seven days as a prelude to broader talks. PCE inflation, ISM manufacturing and nonfarm payrolls data are all due this week and could further influence Fed rate-hike expectations. Key near-term support for bitcoin is the $83,800–$84,000 zone, with $85,000–$85,800 as immediate resistance. Read more → Policy   Story 3 of 3 Newsom bans California politicians from memecoins — and calls it the opposite of Trump California Governor Gavin Newsom signed AB 2409 on Sunday, barring the state’s public officials from issuing memecoins as part of an 11-bill anti-corruption and consumer protection package. Newsom’s office titled the announcement “THE OPPOSITE OF TRUMP”, citing Trump’s $TRUMP token — which generated $636 million in royalties for Trump Organization affiliates while nearly 989,000 buyers lost a combined $3.81 billion. The $TRUMP token currently trades at $2.03, down from a peak above $75. Other bills in the package create rules for compensating crypto scam victims and establish a legal process for seizing crypto from transnational criminal networks. Newsom, whose second and final term ends in January, is widely seen as a 2028 presidential contender, and the signing is his most direct crypto-related positioning against Trump to date. Read more → CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Crypto Daybook Americas: A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2026 CoinDesk, All rights reserved.  CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY 10011, USA Unsubscribe Manage preferences