Bitcoin News: BTC Outperforms Gold as Third Straight Monthly Gain Nears

Bitcoin is holding up against a market move that hit nearly every other major asset. On Monday, September 28, 2026, gold fell close to 4% and Bitcoin slipped only about 1%, even as bond yields climbed to their highest levels in years.

Bitcoin traded around $84,000 afterward, having briefly touched lows near $82,500 during the session.

Bitcoin Market Data

Figures as of September 28-29, 2026:

• BTC price: approximately $84,000 to $84,117

• Monday's session low: approximately $82,500

• Monday's BTC move: down about 1%

• Gold's Monday move: down close to 4%, to just above $4,000 an ounce

• US Dollar Index (DXY): up 2.7%, from 98.78 to nearly 101.50, since September 9, 2026

• US 10-year Treasury yield: above 5.2%

• MOVE index (bond market volatility): above 100, approaching its 2026 high

• Oil price: holding above $90 a barrel

Main News: Bitcoin Outperforms Gold and the S&P 500 This Quarter

Bitcoin has gained more than 40% this quarter, putting it ahead of both gold and the S&P 500 over the same period. That would mark Bitcoin's first positive quarter since the third quarter of 2025.

The move comes at a time when rising yields have generally worked against gold, and the same environment did not produce the same pressure on Bitcoin's price.

Bitcoin Heads for a Rare Third Straight Monthly Gain

Bitcoin is up about 7% in September 2026, after gaining 25% in August. Since 2013, every previous positive August on record has been followed by a negative September.

A positive close in September would break that decade-long pattern and give Bitcoin three consecutive monthly gains, running from July through September 2026.

What's Ahead in the Fourth Quarter for Bitcoin

Two factors are set to test Bitcoin and broader market liquidity heading into the fourth quarter:

• A potential Anthropic IPO: reportedly planned for November 2026, though the offering's timing and size have not been finalized

• US midterm elections: also scheduled for November 2026

Macro conditions remain a factor for Bitcoin heading into the new quarter, given the current levels of Treasury yields, the MOVE index, and oil prices listed above.

Institutional Infrastructure: Goldman Sachs Brings a $100 Billion Treasury Fund to Crypto Firms

Bitcoin's quarter of outperformance comes alongside a separate development in institutional crypto infrastructure. Goldman Sachs is making its roughly $100 billion Treasury fund, FTIXX, available to institutional crypto firms.

Key details of the arrangement:

• Fund size: approximately $100 billion

• Distribution channel: Lynq, a settlement network used by digital-asset companies

• Trade execution: handled by tZERO Securities, an SEC-registered broker-dealer

• Structure: FTIXX is not being tokenized, unlike BlackRock's BUIDL or Franklin Templeton's BENJI, which offer tokenized fund shares

• Lynq's existing network: more than 30 institutional digital-asset firms, with over $89 million in assets on the platform before this addition

• What it's for: letting institutional crypto trading firms place idle cash into a Treasury fund between trades and earn yield

Lynq CEO Jerald David said the move reflects client demand from institutional trading firms for a Treasury asset with a different yield profile than what was previously available on the platform. Access requires a relationship with tZERO Securities and completion of onboarding and eligibility checks, and is currently limited to US clients.

This adds to a broader pattern of traditional financial infrastructure connecting to crypto markets during the same period that Bitcoin has outperformed other major asset classes this quarter.