# Bitcoin Tops $87,000, Hits 8-Month High as Oil Slide Fuels Crypto Rally

*2026-09-22 06:01 UTC · Business · 1 min read*

> Bitcoin jumped past $87,000, its highest level since January, as falling oil prices and risk-on sentiment sparked a broad crypto rally.

Bitcoin surged past $87,000 on Monday, its highest level since January, as falling oil prices and a broad risk-on mood across markets fueled a crypto-wide rally. The token opened near $81,000 and gained more than 7% during the day, while Ethereum climbed to about $2,732 and smaller tokens like Dogecoin and Monero jumped over 13%.

The rally triggered roughly $710 million in short-position liquidations over 24 hours, hitting about 135,000 traders, according to CoinGlass data. MicroStrategy resumed Bitcoin purchases after a three-week pause, sending its stock up 9%, while Bitmine bought $75 million in Ethereum and Strive Asset Management acquired 1,355 BTC for $107.7 million.

Analysts pointed to a fourth straight session of falling Brent crude prices easing inflation worries, plus trader optimism ahead of the Trump-Xi summit and easing US-Iran tensions, as key drivers. Bitcoin reclaimed the average cost basis of US spot ETF holders ($82,225) for the first time since January, a technical milestone that could support further gains.

## Sources

- [cnbc.com](https://www.cnbc.com/2026/09/21/bitcoin-price-crypto-rally.html)
- [coindesk.com](https://www.coindesk.com/business/2026/09/21/live-updates-bitcoin-rises-above-usd82-000-as-falling-oil-lifts-risk-assets)

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TechTools News · https://techtools.cz/tools/news/article/2417-bitcoin-tops-87-000-hits-8-month-high-as-oil-slide-fuels-crypto-rally
Česká verze: https://techtools.cz/tools/news/clanek/2490-bitcoin-prekonal-87-000-dolaru-dosahl-8mesicniho-maxima-diky-poklesu-ropy