Bitcoin slides as US bond buyback disappoints, sapping crypto sentiment - CHOSUNBIZ

Published 2026.09.11. 08:45

Bitcoin fell to the $76,700 range. As the U.S. Treasury's Government Bonds buyback fell short of market expectations, Government Bonds yields rose and investor sentiment toward crypto assets weakened.

According to crypto market tracker CoinMarketCap on the 11th, as of 8:35 a.m. that day, bitcoin was trading at $76,732.36, down 1.88% from 24 hours earlier. It fell 5.49% from a week earlier.

Major altcoins were also weak. Ethereum fell 0.92% to $2,442.79, and Ripple (XRP) dropped 3.92% to $1.33. Solana fell 2.48% to $99.04, and Binance Coin (BNB) declined 1.53% to $710.65 in transaction. Dogecoin also fell 3.29% to $0.08322.

On the 9th (local time), the U.S. Treasury announced a buyback plan to repurchase 10- to 20-year Government Bonds early for up to $6 billion. That is three times the size of the previous long-dated purchases.

However, some on Wall Street had expected the buyback to reach $7 billion to $8 billion. As the announced amount fell short of those expectations, Government Bonds yields instead rose, and investor sentiment failed to recover in the crypto asset market.

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