Bitcoin crossed $86,500 on Tuesday after several weeks stuck below this zone. BTC gained 12.2% over seven days, while the total capitalization of the crypto market returned above $3,000 billion. The movement accompanies a very favorable session for risky assets: the Nasdaq set a new record, while Brent briefly fell below $98. Bitcoin is therefore benefiting from an environment significantly different from that observed a few days earlier.
In brief
- Bitcoin was trading around $86,500, up 12.2% over one week.
- The Nasdaq set a new record after rising 2.26% on Monday.
- Brent briefly fell below $98 with the improvement of oil flows in the Middle East.
Bitcoin finally crosses the $86,500 zone
The ceiling has held since the beginning of September. On Tuesday, bitcoin finally surpassed it and was trading around $86,559 at data time. The market had already touched $87,251 during the session.
Tremplin.io noted on Monday that bitcoin was already approaching $86,000 after several more difficult weeks. The movement continued the next day.
Bitcoin is now +12.2% over seven days. The Fear & Greed Index rose to 79, in the so-called “greed” zone, while the Altcoin Season index remained at 49. Bitcoin therefore still retains a central place in the rebound, even if altcoins are also starting to accelerate.
XRP was trading around $1.57 and Solana gained 18.2% over a week. Of the top 100 cryptos, 97 posted positive performance over seven days. The movement is no longer limited to a few tokens.
Nasdaq breaks record while oil declines
Wall Street greatly helped the mood. The Nasdaq Composite ended Monday on a record after an increase of 2.26%, its best session since June. Intel gained 12%, AMD around 10%, while several AI and semiconductor stocks continued to rise. On Tuesday, the Nasdaq recorded yet another intraday high.
Bitcoin has been evolving for several sessions with this return of appetite for risk. Oil has also eased some of the pressure. Brent briefly fell below $98 per barrel and WTI below $93, their lowest levels since September 8. Reuters reports an improvement in Saudi crude flows and the resumption of the East-West pipeline, while Iran has indicated its willingness to reopen the Strait of Hormuz under certain conditions.
Cheaper oil matters directly to the markets. Energy prices contributed to the inflationary pressures observed in the United States this summer.
Last week, the Federal Reserve also raised its rates by 25 basis points, bringing the range to 3.75%-4%. The vote was unanimous. The Fed still cites high inflation despite economic activity considered solid.
Bitcoin is therefore rising at a time when technology stocks are breaking records and some of the oil pressure is easing.
Bitcoin ETFs also return with almost a billion dollars
Institutional capital has also returned. On Monday, U.S. spot Bitcoin ETFs saw $998.9 million in net inflows, their best session of 2026. BlackRock took in $381 million, ARKB $289 million and Fidelity $239 million. The contrast with the beginning of the month is marked. Bitcoin was still struggling to hold $80,000 and institutional flows were rapidly alternating between inflows and outflows.
The chart has also changed. Bitcoin has surpassed the area between approximately $79,700 and $84,100 and is once again showing a golden cross, with the 50-day moving average above the 200-day moving average. This is a technical indicator followed by some traders, not a guarantee of continued upside.
The $86,000 zone had already caused problems for BTC in early September. Tremplin.io then identified $81,000 to $86,000 as an important area for bitcoin’s recovery. This time, bitcoin is on top. 86,500 dollars, +12.2% over one week, almost a billion dollars in ETFs and a Nasdaq on records. The rebound has more elements behind it than a few days ago. The Fed and energy prices, however, remain capable of quickly changing the mood.
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