Bitcoin rebounds above $84,000 as ether leads; ZEC fund posts only ETF outflow

By Khal · · 1 min read

Editorial illustration: A gold Bitcoin coin stands on a rising bronze ramp, with a silver Ethereum symbol on a taller ramp behind it. A dark Zcash coin sits on a low platform beside a transparent vessel releasing coins down a chute into a a
AI-generated editorial illustration · AI-generated editorial illustration · Published Sep 29, 2026, 10:38 a.m. (33 minutes ago)

In brief

  • Bitcoin rose 1% to just above $84,200 Tuesday, per CoinDesk data as of 10:14 UTC.
  • Ether led the majors, up 2% to nearly $2,720; ZEC fell 9% to about $1,423.
  • U.S. spot bitcoin ETFs took in about $31 million Monday, SoSoValue data show.
  • The lone U.S. ZEC fund posted Monday's only net crypto ETF outflow, about $8 million.
  • FxPro's Kuptsikevich sees a short-term downtrend while the market stays below $2.90 trillion.

Ether leads, ZEC lags

Ether rose 2% to nearly $2,720, leading the majors, according to CoinDesk data. DOGE added 3% and XRP 2%. BNB, SOL and TRX each gained less than 1%, while HYPE slipped 1%.

ZEC didn't follow the rest of the board. The token fell 9% to about $1,423, making it the outlier among the larger names CoinDesk tracked in its Tuesday update.

The rates backdrop hasn't eased much either. The 10-year Treasury yield held near 5.25% after climbing on Monday to its highest level since 2007, CoinDesk reported.

ETF flows stay positive, with one exception

U.S. spot bitcoin ETFs took in about $31 million on Monday, and ether funds drew about $17 million, according to SoSoValue data cited by CoinDesk. SOL and XRP funds added a combined $17 million.

ZEC was the exception.

The lone U.S. ZEC fund posted the only net outflow, losing about $8 million, per SoSoValue. It's the same token that fell 9% in Tuesday's session.

What FxPro's analyst is watching

Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk that the crypto market, at $2.87 trillion, was cautiously rebounding from last week's lows near $2.83 trillion. He added that as long as it stays below $2.90 trillion, the market is technically in a short-term downtrend. A strengthening U.S. dollar and uncertainty in equity markets are adding to the unease, he said.

"The short-term working scenario is that BTC has found support on a pullback to previous highs, having cooled off sufficiently following the growth momentum."

In Kuptsikevich's view, sustained bullish sentiment would open the way to new multi-month highs above $87,000. That's his scenario (not a forecast), and the $2.87 trillion market figure he cited still sits under the $2.90 trillion line he flagged.

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