Bitcoin Jumps to $85,229, Highest Since January, as Traders Debate End of Crypto Winter
Updated
Updated · CNBC · Sep 21
Bitcoin Jumps to $85,229, Highest Since January, as Traders Debate End of Crypto Winter
3 articles · Updated · CNBC · Sep 21
Summary
Bitcoin climbed as high as $85,229 on Monday—its strongest level since late January—before trading near $84,256, up 3.8% on the day.
The rally has lifted bitcoin more than 7% in five days and nearly 35% in three months, as investors weigh whether the post-October 2025 slump is giving way to a new bull market.
Bitwise CIO Matt Hougan said stronger blockchain activity, deeper institutional involvement from firms such as BlackRock, and money rotating out of AI stocks are supporting prices.
BTIG said holding above $75,000 keeps a path open toward $90,000, while crypto-linked shares including Strategy and Coinbase also rose in U.S. premarket trading.
The advance came even after the U.S. Senate blocked the Clarity Act last week, leaving rule-setting with the SEC and CFTC for now despite bitcoin still sitting well below its record above $126,000.
With AI stocks cooling, is the massive capital rotation into Bitcoin the start of history's longest crypto bull run or a temporary mirage?
BlackRock now calls Bitcoin a key portfolio diversifier, but will looming regulatory shifts quietly derail this unprecedented institutional gold rush?
As whales accumulate and technicals signal a breakout, what hidden risks could trigger a catastrophic collapse below the critical $75,000 support level?