Bitcoin Price Breaks Above $86,000 as Investors Turn Bullish

Bitcoin's price has broken above $86,000 U.S. and is holding steady as investors grow increasingly bullish on cryptocurrencies.

The largest cryptocurrency hit a high of $86,350 U.S. earlier in the day, its highest level since January 29th of this year.

Analysts are now debating whether the 'crypto winter' that began nearly a year ago is finally over.

Bitcoin's price fell from an all-time high of just over $126,000 U.S. last October to as low as $58,000 U.S. in June, but has rallied hard since late August and is up more than 8% in the past week.