'Crypto winter is over,' says analyst as bitcoin tops $86,000: Chart of the Day
Bitcoin (BTC) surpassed $86,000, with analysts suggesting the end of 'crypto winter.' Sean Farrell of Digital Assets and Ed Engle of Compass Point cited strong momentum and early bull market signs. The surge was driven by ETF demand and a short squeeze, with altcoins also rising after SEC exemptions for tokenized stocks. The total crypto market cap is $2.94 trillion, 30% below its October peak.
How this was made

The 30-second read
Why it matters
The breakout may signal the start of a new bull market for crypto assets.
Market read
Crypto rally could influence risk appetite across equity and commodity markets.
What to watch
Potential regulatory headwinds if new legislation emerges.
Background
Bitcoin’s price surge follows falling oil prices, ETF demand, and a short squeeze, amid broader macro dynamics.
Ticker impact
Bitcoin broke above $86,000, a multi‑session rally driven by renewed ETF demand and a short squeeze.
Potential continuation above $90k in the short term.
Breakout above key resistance with volume support and market optimism.
Solana rose as part of the crypto rally following the SEC tokenized‑stock exemption.
May push toward $250‑$270 levels.
Sector momentum and improved market perception.
Market effects
Crypto sector shows renewed bullishness, potentially lifting related blockchain stocks.
Global markets may see risk‑on bias as crypto rally influences investor sentiment.
High, given crypto’s growing role in diversified portfolios.
Counterpoint
If the rally is driven by short‑covering, a rapid pullback could follow.
Key entities
- AnalystSean Farrell
Head of digital assets, Yahoo Finance.
- AnalystEd Engle
Compass Point analyst commenting on crypto market.



