Bitcoin holds steady above $85K as crypto market eyes next trigger
Top crypto coins, including Bitcoin (BTC), Ethereum (ETH), and XRP, remained flat in the past 24 hours as concerns around the US tariff are showing signs of subsiding, while Dogecoin (DOGE) and Solana fell 1.01% and 4.2%, respectively. Despite overall bullish sentiment towards Bitcoin, the hopes of breaking through the psychological $100,000 threshold remain alive, especially after resistance at the $85,000 mark, as investors wait for a catalyst to trigger the next rally.
The crypto market has experienced significant volatility, with $795 million in weekly outflows from crypto funds and Bitcoin recording its third-largest ETF outflows of 2025. Ethereum also remains under pressure and may plummet to about $1,400, indicating sustained investor conservatism.
Altcoins, on the other hand, have shown mixed trends. “Altcoins like Dogecoin and Shiba Inu have fluctuating trends based on market sentiment. While Trump’s tariff reprieve has lifted traditional equities, it still hasn’t ushered in sustained crypto gains. With ETH ETFs still retreating and institutional sentiment precarious, short-term volatility will persist, despite long-term faith in the underlying assets remaining firm,” says Avinash Shekhar, Co-Founder & CEO of crypto futures exchange Pi42.
Experts say macroeconomic factors continue to favour the market, with both 10-year and 2-year treasury yields declining along with the dollar index. “This drop reduces the appeal of fixed-income assets, encouraging increased capital flow into risk-on assets like BTC. Meanwhile, institutional interest remains strong, with Strategy recently adding 3,459 BTC worth $285.8 million, bringing corporate holdings to 688,000 Bitcoins. For sustained upward momentum, BTC needs to break past the immediate resistance at $86,000, while support has strengthened at $83,000,” says Edul Patel, Co-founder and CEO of Bengaluru-based crypto investment platform Mudrex.