It’s been a tough three days for the cryptocurrency market… to put it mildly.
But bitcoin holders are better off, as the price of bitcoin sharply returned to around $116,000 today after a volatile weekend that saw the cryptocurrency market’s broadest slump.
The price of bitcoin fell to a low of $100,000 on Friday as trade tensions between the United States and China rocked global markets. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing announced broad export controls, which will begin on November 1.
But over the weekend, market jitters subsided and bitcoin’s price gradually rebounded. President Trump dismissed some of the fears and said “everything will be fine” in reaction to the trade tensions.
The recovery comes as both institutional inflows and corporate treasury activity help stabilize sentiment in cryptocurrency markets.
The latest rally was triggered, in part, by Strategy’s announcement that it had purchased another 220 BTC for around $27.2 million, bringing its total holdings to 640,250 BTC, around 3.1% of Bitcoin’s total supply.
The company financed the purchase through the proceeds of several at-the-market (ATM) share offerings over the past week.
While Strategy’s accumulation has long been a fixture in bull market narratives, analysts say the timing of this latest purchase sent a strong signal of confidence to nervous investors following Friday’s sell-off.
Bitcoin price panic towards recovery
Technical analysts now see a bitcoin price of $105,000 as key near-term support, while $118,000 remains the level to reclaim for bulls to reassert control. The overall sentiment remains cautious, with oscillators still in a bearish bias after the sharp decline.
Beyond short-term price action, the rally highlights Bitcoin’s growing hold among treasuries and corporate institutions. Recent data shows continued inflows into spot Bitcoin ETFs in the US, with BlackRock’s IBIT ETF surpassing 800,000 BTC in assets under management, worth approximately $97 billion.
That steady institutional accumulation, coupled with the adoption of Bitcoin as a treasury buffer by corporate entities like Strategy, DDC Enterprise, and others, has become a defining characteristic of this market cycle.
With Bitcoin’s next halving approaching in April 2026 and macro conditions still volatile, analysts expect further turbulence in the future. But the underlying narrative remains favorable: limited supply, increasing institutional demand and growing legitimacy as a treasury asset.
At the time of writing, bitcoin is trading at around $116,050, up about 9% from its weekend lows.