Bitcoin trades near $83,000 as macro headwinds and US political uncertainty weigh on sentiment

Bitcoin traded near the $83,000 mark on Tuesday as market experts noted that rising US Treasury yields, a stronger dollar and uncertainty ahead of the US midterm elections influenced market sentiment. The cryptocurrency was trading around the $83,385 mark.In the past 24 hours, Bitcoin was up 0.08% and Ethereum was up 1.73% to trade around the $2,507 mark. Among major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano corrected by up to 6.26%.BTC continues to consolidate below the $86,000-$87,000 resistance zone, with near-term direction largely dependent on broader macroeconomic conditions, said CoinSwitch Markets Desk.It further said that market attention…