The crypto market has faced significant turbulence over the past three days… to put it mildly. Bitcoin holders are experiencing the most favorable outcomes, with the price of bitcoin making a significant recovery to approximately $116,000 today, following a turbulent weekend that witnessed a downturn in the wider crypto market. The bitcoin price dipped into the low $100,000s on Friday, as trade tensions between the U.S. and China sent shockwaves through global markets. President Donald Trump has declared new 100% tariffs on Chinese goods following Beijing’s announcement of extensive export controls that are set to take effect on November 1.
However, as the weekend progressed, market anxieties subsided, leading to a gradual rebound in the bitcoin price. President Trump reassured the public, stating that ‘it will all be fine’ in response to the ongoing trade tensions. The recovery is driven by a combination of institutional inflows and corporate treasury activity, which are playing a crucial role in stabilizing sentiment throughout the crypto markets. The recent surge was fueled, in part, by Strategy’s revelation that it had acquired an extra 220 BTC for approximately $27.2 million, increasing its total holdings to 640,250 BTC — roughly 3.1% of Bitcoin’s overall supply.
The company financed the acquisition using proceeds from multiple at-the-market share offerings conducted in the past week. Strategy’s accumulation has consistently been a key element in bull market discussions, and analysts indicate that the timing of this recent purchase has conveyed a powerful message of confidence to anxious investors in the wake of Friday’s sell-off. Technical analysts are currently identifying a bitcoin price of $105,000 as crucial short-term support, whereas $118,000 is seen as the level that bulls need to reclaim in order to regain control. The overall sentiment continues to be wary, as oscillators are still leaning towards a bearish outlook after the significant decline. The recent recovery underscores Bitcoin’s expanding presence within corporate treasuries and institutions, transcending mere short-term price fluctuations. Recent data indicate ongoing inflows into U.S. spot Bitcoin ETFs, with BlackRock’s IBIT ETF exceeding 800,000 BTC in assets under management, valued at approximately $97 billion.
The consistent accumulation by institutions, along with corporate players such as Strategy and DDC Enterprise embracing Bitcoin as a treasury reserve, has emerged as a hallmark of this market cycle. As we gear up for the upcoming Bitcoin halving set for April 2026, analysts are keeping a close eye on the volatile macro conditions, anticipating further turbulence in the market. However, the core story continues to be favorable: constrained supply, increasing institutional interest, and enhanced recognition as a treasury asset. As of the latest update, bitcoin is trading at approximately $116,050, reflecting an increase of about 9% from its lows over the weekend.