Bitcoin price tags $86K as analysis sees crypto in ‘new bull market’
$BTC is around $85,600, up nearly 6% in a day, and the "new bull market" chatter is back. I think the fundamentals half-support this one: Strategy bought another 950 BTC for $76M, and Circle just rolled out Bitcoin-backed USDC borrowing for institutions. Real balance sheets are still accumulating, not just retail FOMO.
The catch is our own fear and greed index sits at 69, solidly in Greed. That's where I get twitchy — the last few times we hit this zone, the pullback came fast.
Compare it to $ETH, which is near $2,740 and up only about 3%. If this were a genuine broad bull run, ETH would be keeping pace instead of lagging. My read is BTC is being driven by institutional flows while alts wait their turn, so I'd watch whether ETH catches up before calling it a real regime change.