Bitcoin Hits $86,000 as Dogecoin Leads; Ethereum, XRP Rally Pushing Liquidations Towards $1 Billion

Bitcoin rallied to an almost eight-month high as institutional interest surged, while crude oil prices fell below $100 and Treasury yields slipped below 5%.

Notable Statistics:

• Coinglass data shows 130,362 traders were liquidated in the past 24 hours for $928.11 million.
• SoSoValue data shows net inflows of $433 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $143.8 million.
• In the past 24 hours, top gainers include Bitway, Pepe and Dogecoin.

Notable Developments:

• Strategy Buys 950 Bitcoin For $76M as MSTR Surges 8%: What’s Going On?
• Top 6 Crypto Stocks Climbing with Bitcoin Right Now
• Bitmine Buys 27,562 ETH as Tom Lee Says Crypto’s Bull Market Is ‘Underway’
• Is Solana’s Next ‘Token Supercycle’ Taking Shape? Expert Identifies Three Key Indicators
• Bitcoin Hits 7-Month High as Coinbase CEO Sees $400,000, Says Crypto Won’t Wait for Congress
• Michael Saylor Says ‘Welcome Back’ as Bitcoin Bear Admits: ‘I Was Wrong’
• XRP Jumps 8% as Ripple Says Asset Managers Eye XRPL Upgrade

Trader Notes:

Heavily followed crypto trader CrediBULL Crypto said Bitcoin is now pushing into higher-timeframe resistance, raising the risk of a short- to medium-term pullback.

He said such a move could still form a higher low above $60,000 before BTC resumes toward $100,000-plus, while consolidation could give altcoins room to rally.

Jelle noted Bitcoin’s higher high signals the start of a new bull market, with a weekly close at $83,000 or above providing further confirmation.

He believes traders now face a choice between buying immediately, waiting for confirmation or hoping for a better entry on a pullback.

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