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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%
09/30/2026

Bitcoin Holds Near $83,000 as Lighter Token Drops 17% After Robinhood US Perps Launch

What happened: Bitcoin traded around $83,164, down 0.

Bitcoin Holds Near $83,000 as Lighter Token Drops 17% After Robinhood US Perps Launch

What happened: Bitcoin traded around $83,164, down 0.57% from midnight UTC, as the 30-year US Treasury yield hit 5.6%, its highest since 2002. Robinhood announced the launch of US-eligible perpetual futures via its Bitstamp derivatives arm, offering up to 10x leverage on BTC and ETH. The Lighter (LIT) token fell 17% after speculation of a deeper Robinhood partnership was dashed; Robinhood chose its in-house Bitstamp platform for US perps, not a direct Lighter integration. Other notable moves: QNT up 7.5%, ZRO up 13%, AAVE down 4.4%.

Why it matters: The Lighter token's sharp drop reflects a classic "sell-the-news" reaction, as market expectations for a broader Robinhood partnership were not met. Macro headwinds from surging long-term yields also pressured risk assets. Robinhood's move into US crypto perps signals growing institutionalization of crypto derivatives, but also intensifies competition for DeFi-native protocols.

Source: CoinDesk