Sharp rise in cryptocurrencies.. Bitcoin exceeds $85,000
Cryptocurrency markets saw a sharp rise on Monday, with Bitcoin climbing to over $85,000, its highest level since late January. Bitcoin reached $85,117, up 4.7%, and the total market capitalization rose to $2.8 trillion. Observers link the rise to improved investor appetite and new inflows to exchange-traded funds.
Cryptocurrency markets experienced a sharp rise on Monday, September 21, 2026, with Bitcoin's price climbing to over $85,000, marking its highest level since late January. Bitcoin reached $85,117 during the day's trading, up about 4.7% according to market data, recording its highest level in nearly eight months, continuing its strong recovery after falling to near $75,000 earlier in the month. The total market capitalization of the cryptocurrency market rose to about $2.8 trillion, its highest level since the end of January, while alternative coins saw strong gains in recent hours. Bitcoin's rise comes after it closed last week above its 50-week moving average for the first time in 45 weeks, a technical signal that garnered widespread attention in markets. Observers link the rise to improved investor appetite for high-risk assets, along with new inflows to cryptocurrency-linked exchange-traded funds and supportive regulatory developments for the sector. This coincided with a decline in oil prices and easing of some concerns related to geopolitical tensions. Markets are now watching to see if Bitcoin can maintain its high levels.