Bitcoin Hits $85,000 For The First Time Since January 2026
Bitcoin (BTC) has hit the $85,000 price level for the first time in January 2026, nearly 8 months ago. CoinGecko data shows that BTC has rallied by 5.3% in the last 24 hours and more than 10% in the last month. Let’s discuss why BTC is up today and if the asset can climb to $90,000 next. BREAKING: $85,000 Bitcoin pic.twitter.com/vAiBwnEnLx — Watcher.Guru (@WatcherGuru) September 21, 2026 Why Is Bitcoin Up Today? Source: Forbes BTC’s latest price rally is surprising given the overarching bearish market environment. Firstly, the US Senate voted against the highly anticipated pro-cryptocurrency CLARITY Act. The failure of the CLARITY Act was quickly followed by a hawkish stance by the Federal Reserve. The Federal Reserve decided to raise interest rates by 25 basis points after its recent FOMC (Federal Open Market Committee) meeting. Higher rates often leads to less risky investments. Bitcoin (BTC) and the larger cryptocurrency market is among the most risky assets in the ...