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Bitcoin hits highest level since January at $85,000, as the market debates whether the ‘crypto winter’ is over
- On Monday, Bitcoin hit $85,248, marking its highest level since Jan. 29, 2026, as price action approached the $86,000 breakeven point for US spot Bitcoin ETF investors.
- Forced buying drove the rally, with $746 million in positions liquidated over 24 hours, of which $647.9 million were short positions replacing bets rather than stepping back.
- Exchange-Traded fund inflows provided momentum on Friday with $435 million in net additions, while the daily RSI reached 70, approaching "overbought" territory.
- WTI crude oil traded below $94 on Monday amid hopes of fresh diplomatic efforts to resolve Middle East tensions, influencing broader market sentiment.
- CME Group data shows a 53% chance of a 0.25% Federal Reserve rate hike at its October meeting, while annualized perpetual funding rates spiked to nearly 60%, signaling overcrowded long positions.
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73 Articles
73 Articles
Bitcoin jumped to an 8-month high above $85,000 <p>Bitcoin rose 5.1% to $85,222, and the crypto market capitalization reached $2.8 trillion. Traders expect the impact of Fed statements.</p>
·Kyiv, Ukraine
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The Bitcoin has apparently left the bear market behind for good. There are many reasons for the upswing of the cryptocurrency.
Zeit Online+2 Reposted by 2 other sources
·Germany
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Bitcoin rate is rising again to its highest level in eight months. Some of the oldest and most famous cryptocurrency is traded on Monday at 85,248 dollars.
·Vienna, Austria
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Total News Sources73
Leaning Left7Leaning Right5Center8Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 35%
C 40%
R 25%
Factuality
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