Bitcoin steadies near $84,000 as bond selloff pauses

Bitcoin traded just above $84,000 on Friday, holding steady over the previous 24 hours after dipping below that level on Wednesday.

Market breadth

Most major cryptocurrencies moved less than 2 % in price. Smaller altcoins showed stronger moves, with ONDO rising about 27 % to roughly $0.54 and Quant gaining around 39 % to near $100.

Bond and oil backdrop

In Asian markets the 10‑year U.S. Treasury yield slipped two basis points to 5.17 %, after a rise of more than 20 basis points over the prior two sessions. Brent crude fell about 1 % to $105 a barrel, following reports that Washington and Tehran are discussing a phased agreement to reopen the Strait of Hormuz.

Analyst view

FxPro chief market analyst Alex Kuptsikevich described Bitcoin’s recent pullback as a temporary pause in the uptrend that began in mid‑August. He noted that Bitcoin encountered resistance near a previously significant support level and did not complete the 161.8 % Fibonacci extension of the earlier impulse. Kuptsikevich added that a decline toward $70,000 would be painful for short‑term speculators but would not change the overall bullish outlook.

Options expiry

Bitcoin approaches a Deribit options expiry on Friday with the underlying price below $85,000. The expiry includes one of the largest blocks of call options, valued at roughly $14 billion.