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Bitcoin Holds Strong Near $84,000 Amid Geopolitical Risks, Institutional Demand
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CNBC TV18•28-09-2026, 10:31
Bitcoin Holds Strong Near $84,000 Amid Geopolitical Risks, Institutional Demand
- •Bitcoin traded around $84,000 on Monday, September 28, consolidating despite elevated US Treasury yields, rate uncertainty, and geopolitical concerns.
- •The cryptocurrency saw significant institutional support, with US spot Bitcoin ETFs attracting $2.39 billion in net inflows and Ether ETFs drawing $690 million in the week ending September 25.
- •Analysts identify $83,300-$84,000 as a key support zone for Bitcoin, while $85,000 remains an immediate hurdle for upward movement.
- •Despite a pullback from $87,000, market experts view it as a correction after a sharp rally, with the earlier breakout zone around $81,500-$82,000 remaining intact.
- •The current consolidation tests the market's ability to absorb geopolitical uncertainty, with Bitcoin's pullback remaining contained despite the US-Iran situation.
Key Questions Answered
Bitcoin was trading around the $84,000 level on Monday, September 28, slipping 0.4% to $84,028 within a 24-hour period.
US spot Bitcoin ETFs saw about $2.39 billion in net inflows during the week ended September 25, marking the strongest weekly inflow since October 2025.
Bitcoin's upside is being limited by elevated US Treasury yields, rate uncertainty, geopolitical concerns, profit-taking following a sharp rally, and a hawkish outlook for US interest rates.
