Bitcoin: Nasdaq Hits Record High as Oil Slump Fuels BTC

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.

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.

XRP traded around $1.57 and Solana gained 18.2% over a week. Among the top 100 cryptos, 97 showed positive performance over seven days. The movement is no longer limited to a few tokens.

Nasdaq sets a record as oil falls

Wall Street strongly helped the mood. The Nasdaq Composite ended Monday at a record after a 2.26% rise, its best session since June. Intel rose 12%, AMD about 10%, while several stocks related to AI and semiconductors continued their rise. On Tuesday, Nasdaq recorded another new intraday high.

Bitcoin has been moving for several sessions with this return of risk appetite. Oil also eased some pressure. Brent briefly fell below $98 a barrel and WTI below $93, their lowest levels since September 8. Reuters reports an improvement in Saudi crude flows and the restart of the East-West pipeline, while Iran indicated it was willing to reopen the Strait of Hormuz under certain conditions.

Cheaper oil directly affects markets. Energy prices contributed to inflationary pressures observed in the United States this summer.

Last week, the Federal Reserve raised rates by 25 basis points, bringing the range to 3.75%-4%. The vote was unanimous. The Fed still cites high inflation despite a solid economic activity assessment.

Bitcoin is therefore rising as tech stocks break records and some of the oil pressure eases.

Bitcoin ETFs also return with nearly one billion dollars

Institutional capital has also returned. On Monday, US spot Bitcoin ETFs recorded net inflows of $998.9 million, their best session of 2026. BlackRock captured $381 million, ARKB $289 million, and Fidelity $239 million. The contrast with the start of the month is marked. Bitcoin was still struggling to maintain $80,000 and institutional flows quickly alternated between inflows and outflows.

The chart has also changed. Bitcoin surpassed the zone between about $79,700 and $84,100 and again shows a “golden cross,” with the 50-day moving average above the 200-day moving average. This is a technical indicator followed by some traders, not a guarantee of continued rise.

The $86,000 zone had already posed a problem for BTC in early September. Cointribune had then identified $81,000 to $86,000 as an important zone for Bitcoin’s recovery. This time, Bitcoin is above it. $86,500, +12.2% over a week, nearly a billion dollars in ETFs, and a Nasdaq at records. The rebound has more elements behind it than a few days ago. However, the Fed and energy prices remain capable of quickly changing the mood.