CryptoMediumUpdated×2•Originally published 1 October 2026•Updated 1 October 2026•
1 min read
Bitcoin Faces October Pressure as Fed Rate Hike and Yields Weigh on Crypto
Key Facts
1Bitcoin entered the fourth quarter with stronger momentum than traditional markets, supported by robust ETF inflows.
2Recent Bitcoin purchases by MicroStrategy supported price stability throughout September.
Bitcoin faced price pressure at the start of October following a Federal Reserve rate hike. This monetary tightening, combined with Treasury yields reaching 5.3%, has begun to test the bullish momentum previously seen in the crypto market.
The macro headwinds emerge after a period of stability in September supported by MicroStrategy's Bitcoin purchases and steady ETF inflows. MicroStrategy stock (MSTR) closed at $153.09 on September 30, 2026, as investors now weigh the impact of higher yields on risk assets relative to fixed income.