Bitcoin price rose above $85,000, continuing its rapid rise over the past few days. The cryptocurrency exchange rate during the transaction reached $85,686 – the highest figure since the end of January. Investors are now trying to figure out whether the “crypto winter” – the period of decline in digital asset prices that began after Bitcoin reached an all-time high of over $126,000 in October 2025 – is over.
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“I really think the crypto winter is over; it’s arrived «mysterious»,——Matt Hougan, Chief Investment Officer of Bitwise said. — I believe this will be the most powerful and lasting «bull» Markets in Cryptocurrency History. “
Although Bitcoin is still in the red since the beginning of the year, it has gained more than 7% in the past five days and nearly 35% in the past three months. However, it is still well behind its all-time high. Hougan noted that despite the temporary downturn in the market, cryptocurrency fundamentals have improved, citing an increase in the number of transactions on blockchain networks and increased participation from major companies such as BlackRock.
According to Hogan, long “Bitcoin value cyclically declines amid prolonged improvement in fundamentals” It’s Over, Cryptocurrencies by Year’s End “catch up”. Analysts believe that as long as Bitcoin remains above $75,000, “Investors may target $82,000 and then $90,000.”. Cryptocurrency stocks like MicroStrategy and Coinbase are rising today.
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The growth comes despite the U.S. Senate last week blocking progress on the Clarification Act, which would create a regulatory framework for cryptocurrencies in the U.S. and divide regulatory authority over the industry between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
This comes after increased regulation in the U.S., such as the Genius Act passed last year, caused cryptocurrency prices to rise. Paradoxically, the fact that the Clarification Act did not pass may still push prices higher. “The current composition of the SEC and CFTC is the most crypto-loyal in U.S. history. So, paradoxically, the absence of the Clarification Act may actually lead to more crypto-friendly regulation.”Hogan said.
Hogan also noted that investors are switching from artificial intelligence stocks to cryptocurrencies. According to him, the AI craze has subsided: “All the investors looking at trending assets are concentrated in this space. Now that the excitement has subsided a bit, we are seeing capital flow back into cryptocurrencies.”
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