Bitcoin jumps to over $108,200 after ETF flows turn positive

NEW YORK – A powerful rally across Wall Street spilled into crypto on Sept 21, sending Bitcoin above US$87,000 (S$111,017) and smaller tokens sharply higher as investors rushed back into riskier assets.

The original cryptocurrency surged as much as 7.7 per cent to US$87,354 in New York, extending a rebound of more than US$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.

The original cryptocurrency 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. Many smaller digital assets gained more, with the Dogecoin jumping as much as 14 per cent and XRP increased around 8 per cent. 

Liquidations of long and short positions across digital assets have climbed to US$1 billion over the last 24 hours, the highest since late August, when Bitcoin saw a record wave of bearish bets wiped out largely due to a sharp rally in the token, according to data from compiled Coinglass.