It’s been a tough three days for the cryptocurrency market… to say the least.
But bitcoin holders have the better of it, as the price of bitcoin rose sharply to around $116,000 today after a volatile weekend that saw the broader cryptocurrency market decline.
The price of Bitcoin fell to a low of $100,000 on Friday like the United States and China Trade tensions Global markets were shaken. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin on November 1.
But over the weekend, market tension eased and the Bitcoin price gradually rebounded. President Trump stepped back out of some fear and to publish “Everything will be fine” in response to trade tensions.
The rebound comes as institutional inflows and corporate treasury activity help stabilize sentiment across cryptocurrency markets.
The recent surge was sparked, in part, by Strategy’s announcement that it had purchased an additional 220 BTC for approximately $27.2 million, bringing its total holdings to 640,250 BTC — about 3.1% of the total BTC supply.
The company funded the purchase through proceeds from several at-the-market (ATM) stock offerings over the past week.
While strategy accumulation has long been a staple of bull market narratives, analysts say the timing of this latest purchase sent a strong confidence signal to investors jittery after Friday’s selloff.
Bitcoin price panic towards recovery
Technical analysts now view Bitcoin’s price of $105,000 as a key short-term support, while $118,000 remains the level that must be reclaimed for the bulls to reassert control. The broader bias remains cautious, with oscillators still tilted lower after the sharp decline.
Beyond short-term price action, the recovery highlights Bitcoin’s growing foothold among corporate and institutional treasuries. Recent data shows continued inflows into US Bitcoin ETFs, with BlackRock’s IBIT ETF surpassing 800,000 Bitcoin in assets under management – worth nearly $97 billion.
This steady institutional accumulation, along with institutional entities like Strategy, DDC Enterprise, and others adopting Bitcoin as a treasury reserve, has become a defining feature of this market cycle.
As the next Bitcoin halving in April 2026 approaches and macro conditions remain volatile, analysts expect more turmoil ahead. But the underlying narrative remains supportive: limited supply, rising institutional demand, and increasing legitimacy as a treasury asset.
At the time of writing, Bitcoin is trading at around $116,050, up roughly 9% from its weekend lows.
The post Bitcoin Price Surges To $116,000 After Bloody Crypto Weeken first appeared on Investorempires.com.
