Finance

A late-week easing in oil prices allowed U.S. Treasury yields to back down from recent peaks, granting much-needed breathing room to equity markets. The 10-year Treasury yield cooled slightly to approximately 5.18% after previously flirting with 19-year closing highs near 5.22%. However, despite this minor temporary relief, market observers note that fixed-income yields remain historically high, continuing to exert pressure on consumer lending and corporate financing rates.

Defying historically weak seasonal patterns, Bitcoin recorded gains in September, recently trading around $84,030. This upward momentum was substantially anchored by renewed demand from institutional and retail channels, with spot Bitcoin exchange-traded funds registering net inflows of $2.39 billion over the week. Despite the overall positive momentum, the broader digital asset space remains sensitive to upcoming regulatory milestones and macroeconomic indicators.

Even though Bitcoin posted weekly price gains, its overall market dominance ratio slipped below the 60% threshold during the week. This drop reflects a powerful performance from alternative digital assets, which outpaced the largest cryptocurrency. Leading the charge among large-cap altcoins was Litecoin, which experienced an impressive weekly surge of 23.7%.