Bitcoin Soars Above $87,000 as Wall Street Rally Spills into Crypto

A powerful rally across Wall Street spilled into crypto on Sept 21, sending Bitcoin above $87,000 and smaller tokens sharply higher as investors rushed back into riskier assets.

The original cryptocurrency surged as much as 7.7% to $87,354 in New York, extending a rebound of more than $10,000 from last week's lows as crypto markets pushed past the failure of landmark US legislation and the Federal Reserve's interest-rate increase.

Bitcoin is back at late January levels but remains roughly a third below its record in October 2025. The rally comes alongside advances in stocks and bonds, as falling oil prices and optimism ahead of a summit between US President Donald Trump and China's Xi Jinping are buoying markets more broadly.

Crypto-related companies also rallied, with Coinbase Global rising 3.5%, Circle Internet Group climbing 3% and Strategy increasing 9.5%. Bitcoin open interest on the options trading platform Deribit was heavily dominated by calls, signaling bullish sentiment.