Why Bitcoin is holding near $84,000 despite rate and geopolitical risks

Bitcoin was trading around the $84,000 level on Monday (September 28) as the cryptocurrency market remained in consolidation mode, with strong institutional demand offering support while elevated US Treasury yields, rate uncertainty and geopolitical concerns limited the upside.

Bitcoin slipped 0.4% to $84,028 in the 24 hours to 7 am IST on September 28, according to Purvang Mashru, Lead Analyst, BitDelta India. It traded between $83,975 and $85,043 during the period. Ethereum fell 0.8% to $2,672, while several major altcoins, including Cardano, Avalanche and Solana, posted modest gains.

A key support zone for Bitcoin is around $83,300-$84,000, while the $85,000 area remains an immediate hurdle, according to market analysts.

remains a key support for Bitcoin. US spot Bitcoin ETFs saw about $2.39 billion in net inflows during the week ended September 25, while Ether ETFs attracted around $690 million. The latest completed US session alone saw $134.5 million flow into Bitcoin ETFs and $87 million into Ether ETFs.

“Bitcoin is hovering around $84,000 after last week’s $2.4 billion in ETF inflows, the strongest weekly inflow since October 2025,” said Prateek Gupta, Head of Business at Mudrex. He added that around 31,800 Bitcoin moved off exchanges last week, which could point to accumulation, although rising unrealised profits also indicate a higher risk of a correction.