Crypto
Bond Yields Cap Bitcoin Rally as ETF Demand Remains Steady
Bitcoin has held steady near $84,200 as bond yields capped its rally. The coin's price has fluctuated throughout the week due to a choppy market driven by rising bond yields.
The spot ETF demand remains a steadying force in the market, with buyers stepping in each time prices dipped towards key support levels.
According to CoinSwitch, leverage unwound after a sharp pullback, but consistent ETF inflows and whale accumulation still point to firm demand. The resistance sits at $86,000 to $87,300, while support is at $80,000 to $82,000.