According to CoinDesk data, Bitcoin hovered slightly above $84,000 on Friday, holding flat over a 24-hour period following a dip beneath that threshold on Wednesday. The majority of leading tokens shifted by under 2%. Smaller altcoins led the performance, with ONDO climbing 27% to reach approximately 54 cents, while Quant surged 39% to approach nearly $100.
In Asian trading hours, fixed income found stability. The yield on the 10-year Treasury dropped two basis points to 5.17% following an increase of more than 20 basis points across the prior two sessions, whereas Brent crude dropped 1% to near $105 per barrel amid news that the U.S. and Iran are discussing a staged agreement to unblock the Strait of Hormuz.
FxPro senior market analyst Alex Kuptsikevich views the recent downward movement in bitcoin as a halt before reaching the technical target anticipated by traders for the upward trend that commenced in mid-August.
“Just like the broader market capitalization, the primary digital asset hit resistance close to an earlier critical support line. That being said, BTC was unable to fully execute the 161.8% Fibonacci extension target from the mid-August impulse in one continuous push. Even with the retracement, the persistent and incomplete character of the bull run implies this could simply be a brief interruption on the upward path,” he noted in a written statement.
“It is important to keep in mind that back in 2021, Bitcoin dropped by over 50% from its record high before eventually setting new records. In the same way, a drop down to $70K right now could prove difficult for short-term traders, but it does not invalidate the positive long-term perspective,” he continued.
As Friday’s Deribit options expiration approaches, Bitcoin is positioned under $85,000, which represents the strike price holding one of the most substantial concentrations of call options.
Originally published at https://www.coindesk.com/markets/2026/09/25/live-updates-bitcoin-steadies-near-usd84-000-as-the-bond-selloff-pauses.
