Bitcoin rallies to $86k as investors bet crypto winter is over
Bitcoin traded above $86,000 on Monday, its highest price since late January, as experts declare the cryptocurrency downturn has ended.
Bitcoin rose to $86,349.90 on Monday, marking its best level in eight months. The rally caps a week of strong gains, with the cryptocurrency up more than 8% in seven days and 34% over the past three months.
Experts believe the "crypto winter" that began after Bitcoin hit $126,000 in October 2025 has ended. Matt Hougan, CIO at Bitwise, told CNBC the market is entering "crypto spring" and predicted it will become "the strongest and longest-running bull market in crypto's history".
Analysts say if Bitcoin holds above $75,000, it could push toward $90,000 by year's end. The rally is also drawing traders back from AI stocks, where investor focus had shifted earlier in the year.
- $86,349.90
- Price Monday
- $126,000
- Peak in October 2025
- 34%
- Three-month gain
- Matt Hougan, Bitwise CIO
- Analyst name
Why it mattersBitcoin's recovery suggests a turnaround for the cryptocurrency market after months of weakness, affecting prices of digital assets and crypto-related stocks.
AustraliaAustralian investors holding Bitcoin or crypto-related shares may see asset values rise, though the market remains well below its late-2025 peak.
✓ Claims checked against the source and corrected before publish. checked 2 d ago
