Crypto market regains momentum amidst a tense macroeconomic context

September 21, 2026, saw Bitcoin continue a strong bullish momentum, surpassing $84,500 (approximately €73,910) to reach its highest level since late January. This performance was partly fueled by a wave of short position liquidations, totaling nearly $800 million (approximately €699 million) within 24 hours on the cryptocurrency market. This surge allowed the overall market valuation to exceed $3 trillion (approximately €2.624 trillion), demonstrating a marked renewed investor interest in digital assets.

This rebound in the main cryptocurrency directly benefited publicly traded companies in the sector. Shares of the Coinbase exchange platform thus recorded a 4.9 % increase, while Strategy (formerly MicroStrategy), known for its massive Bitcoin investments, saw its stock rise by 6.9 %. Other players, such as mining companies Riot Platforms and Mara Holdings, and stablecoin issuer Circle Internet, also saw their shares appreciate, illustrating the strong correlation between the health of the cryptocurrency market and the stock performance of these companies.

Financial flows into spot Bitcoin exchange-traded funds (ETFs) confirm this enthusiasm. Monday, September 21 alone saw record net inflows of $999 million (approximately €874 million) into these US-listed funds, the highest daily amount in nearly a year. Recent weeks have been particularly dynamic, with cumulative net inflows of $3.8 billion (approximately €3.32 billion) over a three-week period in September, marking the best performance of 2026 for these products.

Despite this ambient optimism, caution remains. Analysts point out that this rapid rise, partly due to a "short squeeze" (forced buying to cover short positions), could be followed by a correction phase. The future course development will depend on the market's ability to maintain these levels and investors' reaction to upcoming global economic indicators. The sustainability of this upward trend will therefore be a key element to monitor in the coming weeks, to confirm whether the market has indeed emerged from its recent period of consolidation.