Coverage wrapped up on Sep 24, 2026, at 4:45 p.m. EDT. Bitcoin retreated to $84,000 while equities declined and interest rates climbed alongside soaring crude prices.
Stocks brush off fresh set of highs in U.S. yields
It has been a turbulent trading session within the bond sector, yet the 10-year yield has advanced another 6.7 basis points, touching a nearly twenty-year high of 5.183%.
The 30-year yield moved up by 7.1 basis points to reach 5.473%.
Conversely, U.S. equities managed to recover from earlier session losses, with both the Nasdaq and the S&P 500 returning to flat levels as Thursday’s session entered its final 40 minutes.
Bitcoin remains confined inside a very narrow band positioned just above the $84,000 mark.
Oil back on the rise as Iran denies report of possible deal
“The Reuters report is false, and its goal is to control the price of oil,” wrote journalist Mohammad Ghader, who is widely regarded as reflecting the perspectives of Iranian authorities.
“No negotiations are underway,” he added. “Iran’s position remains unchanged: the U.S. must fulfill the stipulated conditions in a single step so that the Strait of Hormuz can be opened under Iranian control. Period.”
WTI crude oil is climbing once again, registering a 3.5% daily gain, while Bitcoin has drifted downward to $84,100.
U.S. and Iran in discussions on ending conflict: Reuters
Negotiators from the United States and Iran are currently talking about a phased framework to bring the conflict to a close, based on a Reuters report.
Such an arrangement would involve reopening the Strait of Hormuz alongside Washington lifting its economic sanctions and blockade against Iran.
According to Reuters—citing sources from Iran, the region, and Western nations—the primary hurdle in these discussions is that neither side wishes to surrender its strategic leverage first. Consequently, they are considering a staged approach where Tehran reopens the waterway in exchange for the Trump administration potentially granting the Iranian government access to frozen financial assets.
For the time being, this development pushed crude prices down by nearly $2 per barrel, though it maintains a 2% daily increase. This has helped pull interest rates lower by a couple of basis points, while the Nasdaq reduced an earlier 0.8% drop to a mere 0.2%.
Bitcoin has recovered slightly, currently changing hands at $84,600, which reflects a 0.5% increase over the past 24 hours.
Elon Musk ‘cautiously optimistic’ SpaceX to have improved AI model in 2-3 months
Responding to a post which claimed that Grok 4.7 represented a major “fumble” rushed out due to competitive pressures from OpenAI and Anthropic, Elon Musk stated that he feels “cautiously optimistic that SpaceX will have a Fable/GPT-6 level model in 2 to 3 months.”
SPCX shares returned to flat for the day, successfully erasing an earlier downward move.
Phila Fed’s Paulson expects additional “modest” tightening
“The best I can say about underlying inflation this year is that it hasn’t gotten worse,” noted Federal Reserve Bank of Philadelphia President Anna Paulson during Thursday morning’s session.
“Underlying inflation is running in a range of about 2.5 to 3 percent, well above our 2 percent target, and that gap has shown little sign of closing.”
“Looking ahead, if conditions evolve as I expect, some modest further tightening may be warranted.”
Earlier in the day, Paulson’s peers John Williams from New York and Tom Barkin from Richmond shared comparable viewpoints.
Good vibes in bond market prove fleeting
Initial declines seen in U.S. yields quickly reversed during late-morning trading on Thursday.
Having dropped as far as 5.08% earlier in the day, the 10-year U.S. Treasury yield climbed back to 5.15%, representing a daily advance of 3.2 basis points.
This shift in fixed income occurred simultaneously with a sharp upward spike in crude oil, sending WTI crude higher by 4% to reach $95.80 per barrel.
U.S. equities retreated toward session lows, with the Nasdaq sliding 0.8%. Bitcoin similarly relinquished an early upward push, falling back under the $84,000 threshold.
Rates ease a bit, boosting markets
U.S. interest rates drifted lower early Thursday following the previous day’s bond market contraction.
The 10-year Treasury yield dropped 2.4 basis points to settle at 5.092%, while the two-year yield pulled back 3.9 basis points to 4.856%.
This movement provided relief to risk assets, allowing the Nasdaq to reduce a decline exceeding 1% down to 0.5%, while Bitcoin recovered to $83,400 from its session low of roughly $83,000.
New home sales top forecasts in August
Although representing older data susceptible to substantial revisions, U.S. New Home Sales climbed to a seasonally adjusted annualized pace of 684,000 units in August, up from 643,000 in the prior month, according to the Census Bureau. Market projections had anticipated a drop to 620,000.
Why Hike? Richmond Fed’s Tom Barkin
Addressing the rationale behind the Federal Reserve’s rate hike from the previous week, Richmond Fed President Tom Barkin implied that supposedly temporary inflationary pressures are proving more persistent than anticipated.
“New tariffs are still cropping up,” Barkin observed. “The conflict in the Middle East is ongoing. And the AI build-out continues to stress those supply chains.”
Regarding future monetary direction, Barkin has not yet committed to backing additional increases.
“I’m open to the possibility that inflation could come back down in short order. Some of these recent shocks could reverse. Consumers could start to reach their limit. The investment boom could slow. Markets could correct. Employment could falter, making the labor market the problem child.”
Oracle seeks to delay Project Jupiter payments under force majeure clause
Oracle has submitted a force majeure notification to the project developer representing Blue Owl Capital concerning the Project Jupiter data center located in New Mexico, according to Bloomberg.
Force majeure serves as a contractual provision allowing parties to postpone or be excused from obligations when unforeseen external events disrupt operations. Oracle aims to postpone payments if the facility misses its target opening date in 2028, though applicability remains uncertain.
As a consequence, shares of Blue Owl fell 2.3% and Bloom Energy declined 4.4% during premarket transactions, while Oracle shares dropped 4.2%.
Initial jobless claims stick under 200,000
The domestic labor market demonstrates continued resilience, based on official government figures.
Initial claims for unemployment benefits last week held near historical lows at 197,000, compared to the previous week’s 196,000 reading. Economists had forecasted a modest increase to 201,000.
Bond market volatility surges as treasury yields hit multi-decade highs
The MOVE index, which tracks anticipated volatility within the U.S. Treasury sector, surged 21% to surpass 95, marking its highest reading since April as government bond yields extended their upward climb. The 10-year Treasury yield touched 5.116%, marking its loftiest level since 2007, whereas the 30-year yield climbed to 5.419%, achieving its highest mark since 2004.
Bond King Jeff Gundlach breaks down the bond market’s issue
“The dilemma,” commented Jeff Gundlach, who leads the fixed-income management powerhouse Doubleline Capital.
“If the Fed hikes it will worsen the interest expense problem (since so much borrowing is at the short end). If the Fed cuts it will worsen the inflation problem.”
Bitcoin and stocks remain under pressure following yesterday’s big bond selloff
Bitcoin is changing hands at $83,500 roughly two hours prior to the opening of U.S. markets, reflecting a 2.55% loss over the past 24 hours. Ether and Solana have both dropped closer to 3%, while XRP recorded a 7.5% decline.
U.S. stock index futures indicate an impending second consecutive session of losses, with the Nasdaq trading down 0.9% and the S&P 500 falling 0.5%.
The bond sector appeared stable early Thursday following yesterday’s steep sell-off that pushed the U.S. 10-year Treasury yield up by nearly 20 basis points to its highest mark in more than 19 years.
Thursday’s calendar includes Initial Jobless Claims data expected to highlight ongoing labor market strength, alongside August New Home Sales figures and commentary from several Fed officials.
Originally published at https://www.coindesk.com/tech/2026/09/24/live-updates-bitcoin-edges-lower-as-bond-yields-take-center-stage.
