Every one of the twenty names in this scan closed green on Friday, and the risk-appetite gauge this desk reads crypto for went from neutral to loud in a single session. Bitcoin settled at $81,189.98, up 6.26% on the day and 5.2% on the week, with a momentum reading of 64.2. Strategy rose 16.39% on the day and 17.52% on the week; Coinbase rose 11.66% and 10.84%. Both crossed back above their 200-day averages after a week spent below — Strategy from 5.1% under to 12.3% over, Coinbase from 8.4% under to 2.7% over. Underneath that, all nine coins are now above their 200-day averages for the first time in this tracked window: Cardano, Dogecoin, Avalanche and Polkadot were all below theirs seven days ago and all four crossed this week.

This scan reports the settled tape. A separate desk lane is writing what caused it; nothing in this desk's own record explains Friday, and that gap is stated explicitly below rather than filled in.

Friday was the broadest session this scan has recorded. All twenty names closed higher, every one of them by more than 5%, twelve of them by more than 8%, and five by more than 10% — the smallest gain on the board was Polkadot's +5.56%. Volume confirmed participation rather than a thin drift: Solana traded 2.15 times its normal volume, Coinbase 2.02 times, Strategy 1.98 times. The equity tape did nothing on the same day — the broad market proxy closed down 0.12% — so this was crypto moving on its own, not crypto tracking stocks.

Bitcoin cleared $81,000 and sits 15.3% above its 200-day average. $81,189.98, momentum 64.2, up 6.26% on the day, 5.2% on the week, 17.21% on the month and 27.78% over three months. Its nearest support shelf on record is $79,138.49, roughly 2.5% below Friday's close. The long-horizon picture has not changed and is worth holding alongside the week: Bitcoin remains -30.69% over twelve months and 35.66% below its 52-week high, though it is +31.7% over two years. Its twelve-month deficit is by far the shallowest in the coin tier, and it narrowed from -33.06% a week ago.

Strategy was the single biggest mover and the biggest structural change. $153.92, up 16.39% on Friday alone, 17.52% on the week and 47.65% on the month, momentum 66.1. It now trades 16.9% above its own 20-day average, 38.9% above its 50-day, and 12.3% above its 200-day — a week ago it was 5.1% below the 200-day, which this scan flagged then as a structural reversal with no sourced driver. That reversal is now itself reversed. Two things keep it from being a clean repair: the stock is still -55.91% over twelve months, and the 50-day moving average remains below the 200-day, so the long-run cross has not turned. Its nearest support shelf is $134.95, about 12% below Friday's close.

Coinbase crossed its 200-day and the miners never left theirs. Coinbase closed $194.25, up 11.66% on the day and 21.25% on the month, now 2.7% above its 200-day after four weeks below it, with a support shelf at $188.43 roughly 3% underneath. The four miners held the golden cross they have carried throughout and all rose 5.6% to 10.6% on the week: Marathon $13.24 (+13.75% Friday, 20.9% above its 200-day), Riot $23.75 (25.1% above), CleanSpark $14.47 (14.9% above), and the miner index fund $27.27 (17.4% above). Robinhood closed $119.82, up 9.12% on Friday, and its twelve-month return came back to roughly flat at -0.9% from -4.4% a week ago.

The week's documented crypto news describes the decline that preceded this rally, not the rally itself. The Senate blocked the Clarity Act market-structure bill from advancing on September 15, which Semafor reported the same day as the implosion of the industry's top legislative priority; Yahoo Finance reported on September 16 that Bitcoin exchange-traded funds saw $450 million of outflows after that vote, and published a separate piece the same day asking why Bitcoin was dropping. Two later items are on the record: Deutsche Bank said on September 16 it will offer crypto custody for institutions, and CNBC reported on September 17 that the SEC cleared a path for tokenized stocks through a long-awaited Innovation Exemption — two days after the Clarity Act vote. Those are dated facts in this desk's corpus. None of them is established here as the cause of Friday's move, and no pull or event record on this desk covers Friday itself.

Prior-week figures are from the September 11 edition of this scan.

Crypto is read here as a risk-appetite gauge first and as an asset class second: when the whole complex moves together, it is telling you something about how much risk the market wants, and when it moves apart from equities — as it did on Friday — that signal is cleaner, not weaker. Three separate windows are kept visible on every row because they routinely disagree. The daily and weekly changes are the news. The 200-day position is the structure. The twelve-month return is the memory, and in this universe it is brutal: every single coin is down 30% to 77% over the year even after a rally that lifted the whole board. A coin above its 200-day with a deeply negative year is a bottoming attempt, not a restored trend, and the distinction matters most in the names that moved most. The spot funds carry no independent flow data in this desk's price record — they are price proxies for their underlying coin, and the only flow figure cited above comes from a dated news item. Nothing in this scan attaches a cause to Friday's move; the pulls on file all predate it, and a stale pull is never evidence that nothing happened.

Capitulation (RSI below 25): None.

Oversold (RSI 25-40): None. For the second straight week nothing in this universe is oversold, and the floor rose sharply — from Dogecoin at 45.2 a week ago to XRP at 55.8 now.

Neutral / Strong (RSI 40+): All twenty names. The board is compressed into a narrow 55.8-to-69.2 band, which is itself the tell: this was not a rotation within crypto, it was the whole complex repricing at once. ETHE at 69.2 is the closest to overbought and nothing reached 70.

Bitcoin did not lead this week and it did not lag badly either. Its 5.2% weekly gain sits below Dogecoin (+12.5%), Avalanche (+10.86%), Solana (+10.8%), Polkadot (+9.62%), Chainlink (+7.37%) and Ethereum's near-match (+4.73%), and above only XRP (+2.94%) and Cardano (+4.76%). On the month the spread is wider and clearly favours the alts: Polkadot +44.3%, Solana +32.9%, Dogecoin +28.57%, XRP +27.27% against Bitcoin's +17.21%. That is the shape of a rotation down the risk curve — the cleanest alt-leadership reading this scan has produced in the tracked window, and the first time the small-capitalisation names have outrun Bitcoin on both the week and the month together.

What has not changed is who owns the damage. Over twelve months Bitcoin's -30.69% remains the shallowest deficit in the tier by roughly twelve points, and the alts still run -42.62% (ETH) to -76.53% (AVAX). Dominance on the year stays firmly with Bitcoin; this week's alt leadership is a bounce off deeper holes, not a change in who has held value.

The four spot funds tracked here carry price only in this desk's record, not independent flow data — they are proxies for their underlying coin, and each moved within 0.2 of a percentage point of that coin on the day. What is on record for the week is a dated flow figure from the news: Yahoo Finance reported on September 16 that Bitcoin exchange-traded funds saw $450 million of outflows following the Senate's block of the Clarity Act market-structure bill on September 15. That figure describes the middle of the week, before Friday's rally. No flow data covering Thursday or Friday exists in this desk's corpus.

The price evidence points the other way by the end of the week. Every fund's 200-day cushion widened materially: IBIT from +3.6% to +9.3%, GBTC from +3.0% to +8.7%, BITO from an effectively flat +0.4% to +6.6%, and ETHE from +10% to +15%. Momentum rose across all four into the low-to-high 60s. Whether flows followed price is not answerable from what is on file.

The miner cohort is the healthiest block in this scan and the only one with names positive on the year. All four retain their golden cross, all four rose between 5.62% and 10.62% on the week, and all four sit 14.9% to 25.1% above their 200-day averages — every one of those cushions wider than a week ago. Marathon is the standout on structure: its cushion more than doubled from +9.5% to +20.9% and it posted the cohort's best day at +13.75%. Riot is the only name in this entire universe positive on both its twelve-month return (+35.64%) and its 200-day position (+25.1%).

One caution on reading the year. CleanSpark's twelve-month return fell from +34.02% to +7.5% and the miner index fund's from +16.46% to +12.13% — both while the stocks rose on the week. That is the trailing comparison window rolling past a strong base period, not a deterioration in price. The three-month numbers show the same thing from another angle: Marathon -6.89%, Riot -15.48% and CleanSpark -16.07% over three months even after a +22% to +37% month. This cohort fell hard through mid-summer and has spent the last thirty days climbing back.

The two bellwethers agreed for the second straight week, and this time they agreed upward — hard. Strategy's 16.39% Friday is the largest single-day move in this scan, and its 47.65% month is the largest monthly gain here. Its position went from 5.1% below its 200-day to 12.3% above in seven days, which is a full structural reversal of the reversal this scan flagged a week ago. Coinbase moved with it, from 8.4% below to 2.7% above.

Three things temper the read. First, both remain death-crossed on the long-run moving-average signal: Strategy's 50-day sits at $110.82 against a 200-day of $137.04, and Coinbase's at $166.66 against $189.22. Price is above the 200-day; the averages have not caught up. Second, the twelve-month damage is untouched — Strategy -55.91%, Coinbase -43.39%. Third, Strategy is now 16.9% above its own 20-day average and 38.9% above its 50-day, which is a stretched position by any measure on this board, and the nearest support shelf on record sits 12% below at $134.95. As bellwethers, they are saying risk appetite turned sharply. They are not yet saying the trend repaired.

Support shelves on record this week: Bitcoin $79,138.49, Ethereum $2,386.37, Solana $88.53, Chainlink $9.62, Avalanche $6.32, Polkadot $0.82. XRP, Cardano and Dogecoin still carry no shelf on record. Funds: IBIT $45.02, GBTC $59.64, ETHE $18.50, BITO $8.69. Equities: Strategy $134.95, Coinbase $188.43, Marathon $11.91, Riot $22.09, CleanSpark $13.53, the miner index fund $24.98, Robinhood $76.69.

Three of those sit close enough to matter. Bitcoin's shelf is 2.5% below Friday's close, Coinbase's is about 3% below, and the miner index fund carries a pivot on record at $27.12 after a seven-week base — Friday's $27.27 close is just above it. The 200-day lines that were crossed this week are the other set worth naming: Strategy's at $137.04, Coinbase's at $189.22. Both now sit below the price rather than above it, which inverts them from resistance into the first real test of the move.

Read purely as a measure of appetite for risk, this week reads on — and that is the most informative thing in this file. Twenty of twenty names green, the momentum floor lifted from 45.2 to 55.8, every coin above its 200-day, both bellwethers reclaiming theirs, and participation confirmed by volume on the biggest movers. Nothing is overbought; the highest reading on the board is 69.2.

The context that makes it notable rather than routine is what else happened in the same week. The Federal Reserve raised its main interest rate by a quarter point on Wednesday — its first increase in three years, per CNBC's September 16 coverage — and the ten-year Treasury yield climbed back to 5%. Risk assets that key off the discount rate generally do not celebrate that, and the broad equity market closed Friday down 0.12%, going nowhere. Crypto ran anyway, on its own, on the same day. That divergence is the signal a risk gauge exists to catch, and this scan records it without claiming to know its source: no news pull here covers Friday, and the dated crypto items on the record — the Clarity Act's failure on September 15, $450 million of fund outflows on September 16, Deutsche Bank's institutional custody announcement on September 16, and the SEC's tokenized-stock exemption on September 17 — describe the days before the move.

Conditions, not advice.

• Does the cause surface? Twenty green names, a 16.39% day in Strategy and a 6.26% day in Bitcoin with nothing in this desk's record covering the session. The next pull either names it or this stands as an unexplained repricing.
• Strategy's $137.04 and Coinbase's $189.22. Both 200-day lines were crossed this week from below. They now sit under the price and become the first real support test of the move.
• Bitcoin's $79,138.49 shelf. It is 2.5% under Friday's close. Holding it through a normal pullback is the difference between a breakout and a spike.
• Whether the four newly-crossed coins stay above their 200-days. Cardano, Dogecoin, Avalanche and Polkadot crossed by 2.5% to 5.1% on one strong week, from twelve-month holes of 67% to 77%. These are the thinnest crossings on the board and the first to fail if the tape turns.
• The divergence from equities. Crypto ran 6% to 16% on a day the broad market fell 0.12%, in a week the Federal Reserve raised rates. If that divergence persists, this scan's risk gauge is reading something the equity tape has not yet priced; if it closes, Friday was a one-session event.

Sources: crypto (all 20 rows, latest bar 2026-09-18 — every price, momentum, moving-average, support-shelf and return figure above); market-pulse (the broad-market proxy's Friday close, -0.12%); 2026-09-11-crypto-scan (prior-week comparison values); dated corpus items, cited as record and not as established cause — 2026-09-15-semafor-crypto-industry-s-top-legislative-priority-implodes-riority-implodes, 2026-09-16-yahoofinance-bitcoin-etfs-see-450-million-in-outflows-after-clarity-act-v-n-135000092-html, 2026-09-16-yahoofinance-why-is-bitcoin-dropping-today-y-135113041-html, 2026-09-16-yahoofinance-deutsche-bank-to-offer-crypto-custody-for-institutions-y-140600953-html, 2026-09-17-cnbc-sec-clears-path-for-tokenized-stocks-bringing-the-market-clo-108364045, 2026-09-16-cnbc-fed-delivers-its-first-hike-in-3-years-plus-what-s-moving-st-108363844; news receipts checked and found to predate Friday's move — latest (pulled 2026-08-25), .../MSTR/news/latest.json (2026-09-04), .../IBIT/news/latest.json (2026-08-25), .../COIN/news/latest.json (2026-09-17); research/stock-events/ checked and holds no 2026-09-18 entries and no entries for any name in this scan.