Bitcoin and Precious Metals Slide as Gold and Silver Lose $550 Billion

Key Facts

1Bitcoin price dropped 2.7% to $82,780 as gold and silver futures also experienced sharp declines.

2Gold and silver markets lost over $550 billion in value during a concentrated three-hour selloff.

3Metals and crypto prices fell as bond yields rose and bets on interest rate hikes increased.

Bitcoin price dropped 2.7% to an intraday low of $82,780 as gold and silver futures also experienced sharp declines. According to news.bitcoin.com, the gold and silver markets lost over $550 billion in market value during a concentrated three-hour selloff on September 28, 2026.

Metals and crypto prices fell as bond yields rose and bets on interest rate hikes increased, with the Dollar Index hitting a two-month high of 101.39. On September 28, 2026, news.bitcoin.com reported that 10-year and 30-year Treasury yields stood at 5.20% and 5.51% respectively, impacting non-yielding assets as gold futures fell 2.11% and silver dropped 3.59%.