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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/01/2026

Bitcoin Holds $83K as Lighter Token Sinks 17% After Robinhood Perpetuals Reveal

What happened: Bitcoin traded near $83,164 on September 30, down about 1% from a recent peak.

Bitcoin Holds $83K as Lighter Token Sinks 17% After Robinhood Perpetuals Reveal

What happened: Bitcoin traded near $83,164 on September 30, down about 1% from a recent peak. Meanwhile, the Lighter (LIT) token fell 17% after Robinhood announced plans to launch crypto perpetual futures for U.S. users in partnership with Bitstamp. The new offering will include up to 10x leverage on BTC and ETH, with a promotional fee of 0.01% through year-end. DeFi tokens mostly declined, and Bitcoin futures open interest dropped to its lowest level since January 1.

Why it matters: The market reaction reflects shifting narratives: LIT's drop was driven by disappointment that Robinhood would use its own derivatives arm and Bitstamp, rather than integrating LIT directly. The broader DeFi pullback and reduced futures open interest suggest traders are de-risking amid macro headwinds, including a 30-year Treasury yield above 5.6%. Robinhood's move could further legitimize crypto derivatives in the U.S., but the immediate impact is mixed for token holders banking on partnership speculation.

Source: CoinDesk