TREE NEWS reports: Bitcoin climbed to an intraday high of $86,349.90 on September 22, its highest level since late January, and was trading at $86,039.36 by early US hours after gaining more than 8% over the past week and about 34% over three months. Bitwise’s chief investment officer said on air that he believes the crypto winter has ended. The rally leaves bitcoin roughly 30% below its October 2025 record near $126,000.
Bitcoin Tops $86,000 for First Time Since January, Up 34% in Three Months
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AI take
The notable detail is the gap: a new multi-month high that still sits well below the prior record, which frames this as recovery rather than discovery. The Bitwise CIO's on-air call that the crypto winter has ended matters less as a forecast than as a signal that institutional voices are willing to say it publicly. Whether that view gains traction among other large allocators, or remains a lone call while price stays below the old peak, is the open question.
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