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It has been a tumultuous three days for the cryptocurrency market… to put it mildly.
However, bitcoin holders are doing the best, as the bitcoin price surged sharply to approximately $116,000 today following a turbulent weekend that witnessed a decline in the broader crypto market.
The bitcoin price declined to the lower $100,000s on Friday as U.S. and China trade conflicts unsettled global markets. President Donald Trump declared new 100% tariffs on Chinese merchandise after Beijing introduced extensive export controls set to commence Nov. 1.
Yet during the weekend, market anxieties subsided and the bitcoin price gradually recovered. President Trump softened some of the apprehensions and tweeted that ‘everything will be okay’ in response to the trade tensions.
The resurgence occurs as both institutional inflows and corporate treasury engagements assist in stabilizing sentiment across crypto markets.
The latest uptick was triggered, in part, by Strategy’s declaration that it acquired an additional 220 BTC for about $27.2 million, boosting its total holdings to 640,250 BTC — roughly 3.1% of Bitcoin’s overall supply.
The company financed the acquisition through earnings from multiple at-the-market (ATM) share offerings in the previous week.
While Strategy’s accumulation has been a staple of bullish market narratives, analysts suggest that the timing of this recent buy conveyed a robust message of confidence to anxious investors following Friday’s downturn.
Bitcoin price anxiety to rebound
Technical analysts currently perceive a bitcoin price of $105,000 as crucial short-term support, while $118,000 remains the level to reclaim for bulls to regain control. The overarching sentiment continues to be cautious, with oscillators still leaning bearish after the steep decline.
Beyond immediate price movements, the recovery emphasizes Bitcoin’s expanding presence among corporate treasuries and institutions. Recent statistics indicate ongoing inflows into U.S. spot Bitcoin ETFs, with BlackRock’s IBIT ETF surpassing 800,000 BTC in assets under management — approximately valued at $97 billion.
This steady institutional accumulation, along with corporate entities like Strategy, DDC Enterprise, and others utilizing Bitcoin as a treasury reserve, has become a distinguishing characteristic of this market cycle.
With the next Bitcoin halving approaching in April 2026 and macro conditions still unpredictable, analysts anticipate more volatility ahead. Nevertheless, the foundational narrative remains favorable: limited supply, increasing institutional demand, and escalating legitimacy as a treasury asset.
At the time of writing, bitcoin is trading around $116,050, up roughly 9% from its weekend lows.
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