Bitcoin gains strength as Nasdaq breaks records

Bitcoin crossed $86,500 on Tuesday after several weeks stuck below this zone. BTC gained 12.2% over seven days, while the total crypto market capitalization rose above $3 trillion. The move accompanies a session very favorable to risky assets: the Nasdaq set a new record, while Brent briefly fell below $98. Bitcoin thus benefits from a significantly different environment than that observed a few days earlier.

In brief

Bitcoin finally crosses the $86,500 zone

The ceiling had held since early September. On Tuesday, Bitcoin finally surpassed it and was trading around $86,559 at the time of the data. The market had already touched $87,251 during the session.

Cointribune had noted on Monday that Bitcoin was already approaching $86,000 after several more difficult weeks. The movement continued the next day.

Bitcoin now shows +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 holds a central place in the rebound, even though altcoins are also starting to accelerate.