Bitcoin Holds Steady Near $84,200 Amid Exchange Hack and Stablecoin Rules

Bitcoin held steady near $84,195 after a choppy week driven by bond yields. The coin's price remained above key support levels as buyers stepped in each time prices dipped toward those levels. Spot ETF demand remained a steadying force throughout the session.

The market capitalization of Bitcoin stands at nearly $1.69 trillion, with its 7-day gain reaching 8.9%. Ethereum and Tether also saw minor gains, while BNB and XRP posted stronger advances. The price of Zcash surged by 3% on renewed buying interest.

Analysts weigh the impact of a fresh exchange hack and new US stablecoin rules on sentiment heading into the weekend. Traders are also monitoring the upcoming Trump-Xi summit for a possible tariff deal, which could ease macro pressure weighing on risk assets. A positive outcome may support renewed buying across both equities and crypto.