Bitcoin Rebounds Above $85,000 as Crypto Markets Post Gains Alongside U.S. Stocks

Bitcoin Surges Above $85,000 as Crypto Markets Rally Alongside Traditional Assets

  • Bitcoin surged above $85,000 on Friday, rising 4.7% in 24 hours as cryptocurrency markets rebounded alongside traditional stocks.
  • BTC reclaimed its position above the 200-day moving average, a critical technical indicator that could signal bullish momentum if maintained.
  • The broad recovery extended across all CoinDesk 20 Index cryptocurrencies, with ChainLink, Solana, and Sui leading the gains as risk appetite returned to markets.

Cryptocurrency markets staged a significant recovery on Friday, breaking a period of lackluster performance as investors across various asset classes showed renewed risk appetite. Bitcoin briefly touched $85,000 during U.S. trading hours before settling at $84,400, marking a 4.7% increase over the previous 24 hours.

- Advertisement -

The upward momentum wasn’t limited to Bitcoin, as all digital assets tracked in the CoinDesk 20 Index posted positive returns. Notable performers included Chainlink (LINK), Solana (SOL), and SUI, which registered the most substantial gains among major cryptocurrencies.

This crypto market revival coincided with a broader resurgence in traditional financial markets. The S&P 500 climbed 1.7% while the technology-focused Nasdaq index jumped 2.3%. Meanwhile, Gold—which had recently outperformed Bitcoin during the market downturn—retreated below the $3,000 threshold after achieving this historic milestone just a day earlier.

Friday’s rally propelled Bitcoin back above its 200-day moving average after briefly dipping below this critical technical indicator for the first time since last August’s market correction. This benchmark, currently positioned at $83,767, serves as an important reference point for traders evaluating long-term price trends. In bull markets, the 200-day average typically functions as a support level where prices tend to bounce, while falling below it often signals increased caution or bearish sentiment.

Market participants are closely watching whether Bitcoin can maintain its position above this technical threshold. A daily close above the 200-day moving average would provide cryptocurrency bulls with evidence that the recent correction may have run its course. Conversely, if Bitcoin fails to hold this level, technicians suggest it could indicate further downside potential.

Cross-asset trader Bob Loukas noted that both Bitcoin and traditional equities appear poised for continued recovery, at least temporarily, as they rebound from oversold conditions. “Feels like should be close to end of panic, for now at least, and spend at least a few weeks back recovering,” he commented earlier this week, adding that markets would then need to “reassess” the situation.

The cryptocurrency market’s positive performance comes as a welcome reprieve for digital asset investors who had witnessed Bitcoin struggle to maintain momentum in recent weeks despite its substantial year-to-date gains.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

Stay in the Loop

Get exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.

    1 Email per day. Unsubscribe at any time.

    - Advertisement -

    Latest News

    GreedyBear Malware Uses Fake Firefox Wallet Extensions to Steal $1M

    A campaign using over 150 fake Firefox extensions stole more than $1 million in...

    Ripple XRP Soars 11% as SEC Case Ends, Trump 401k Order Lifts Hopes

    XRP price surged 11%, reaching $3.34 amid rising trader interest. Dismissal of appeals by Ripple...

    Trump Executive Order Opens 401(k) Accounts to Cryptocurrency Investments

    President Donald Trump signed an executive order on August 7 allowing Americans to use...

    Block Adds 108 BTC in Q2, Bitcoin Holdings Now Worth $1.15B

    Block added 108 Bitcoin (BTC) to its holdings in the second quarter of 2025,...

    Mystery Creator Nets $5M Launching Hundreds of Memecoins Daily

    One memecoin creator has launched hundreds of tokens daily since January.The creator has made...

    Must Read

    Best Metaverse Tokens to Buy on Binance for 10X Gains

    Ever since Facebook renamed their company to Meta, as well as their plans to build a metaverse where we can travel into using Virtual...