Bitcoin reached $87,000 last night, its highest since January. Every trade is 50% OFF with NOLIMITAT87K.

Bitcoin at $87,000, its highest level since January

Bitcoin reached $87,000 overnight, a level it has not touched since the end of January, and it is up roughly 10% over the past week.

The move has identifiable causes rather than mystery behind it. Large corporate buyers came back, with Strategy purchasing 950 bitcoin on 21 September, its first purchase since August. American investment funds that hold bitcoin directly took in $433 million on 18 September alone. Oil prices fell for a fourth consecutive session, which tends to make investors more willing to hold riskier assets generally, and a wave of traders who had bet against bitcoin were forced to close those positions as it climbed, which pushed the price further in the same direction.

Two figures are worth holding alongside that. Bitcoin remains about 31% below its all-time high of $126,080, so this is a recovery rather than new ground. And sentiment measures now sit in the greed range at 71 to 78, which historically has arrived before stretches of sharper movement in both directions.

What the week does not come with is an answer. Whether this is the beginning of something longer or a strong run inside a wider range is the argument the whole market is having, and it gets settled afterwards rather than in advance.

That second part matters more than it sounds on a week like this. People who reach for a card at a moment like this often find a daily limit lower than the amount they wanted, or a bank declining the payment outright. There are more than 20 ways to pay for an order with us, so the question is which suits where you are. Apple Pay and Google Pay work everywhere we operate. PayPal uses the balance and details you have there already. Bank transfer handles larger amounts without hitting card limits, and in the US that includes ACH.

For the next 3 days, NOLIMITAT87K takes 50% off the Paybis service fee on every trade you make, with no limit on how many, on any coin we list. Full price is shown before you confirm, there are 90+ assets available, and support is staffed by real people at any hour.