Bitcoin holds $82K as analyst sees limited selling pressure despite macro risks

ARP Digital's Yusuf Fakhro says Bitcoin's relative strength and reduced leverage support its recovery, with the Fed's upcoming decision posing the next test. Bitcoin ’s recent decline has not undermined its broader recovery prospects, as reduced leverage and easing selling pressure suggest the market remains structurally healthy, according to Yusuf Fakhro, partner at ARP Digital. Bitcoin is trading near $82,700 after recovering from a recent drop below $80,500, outperforming Ethereum and the broader altcoin market despite ongoing macroeconomic uncertainty. The leading crypto asset fell from approximately $86,000 before stabilizing in the low $80,000 range, as weakness in technology stocks and elevated Treasury yields weighed on investor appetite for risk assets.

First reported by Crypto Briefing. This page is a short excerpt; the full text is theirs.