Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes

In brief

• Bitcoin traded near $86,559 Tuesday, up 12.2% over the past week, after clearing the resistance band that had capped it since early September.
• The Crypto Fear & Greed Index sits at 79, deep in "Greed."
• The Nasdaq Composite touched a fresh intraday record as chipmakers extended a multi-day winning streak.

Bitcoin punched through $86,500 on Tuesday, holding just above the ceiling that had capped its rally through most of September. The move puts total crypto market capitalization above $3 trillion, with the Crypto Fear & Greed Index reading 79—solidly in "greed" territory—and the Altcoin Season Index at 49, meaning Bitcoin still leads even as altcoins start moving.

The breakout lines up with a broader risk-on mood on Wall Street. The Nasdaq Composite closed at a record Monday, up 2.26% for its best day since June, as AI-linked names ripped higher—Intel jumped 12%, AMD gained about 10% and crossed a $1 trillion market cap. Chipmakers extended their rally into Tuesday, marking their longest winning stretch since April.

Tuesday's session was calmer. The Nasdaq is up 0.4% today, touching a fresh intraday high, while the S&P 500 barely budged. Oil did the heavy lifting instead.