Crypto Market Awaits Catalyst as Bitcoin Holds Steady near $84,000

Bitcoin (BTC) and Ethereum (ETH) have held steady despite a challenging macro backdrop. BTC is trading at $83,294, while ETH stands at $2,678.

The crypto market has been waiting for a catalyst to drive the next leg of its rally. Investors are looking for a fresh trigger as US Treasury yields remain elevated, keeping pressure on cryptocurrencies even at current prices.

Avinash Shekhar, Co-founder & CEO of Pi42, said that underlying demand remains intact as Bitcoin holds around $84,000. He advised investors to favour disciplined positioning over excessive leverage in the current environment.