Bitcoin climbs to $86,300, highest since January, as PEPE jumps 29%
- —BTC rose from $81,500 to $86,300, up about 6% in 24 hours
- —Nearly $800 million in short positions were liquidated, fueling the rally
- —XRP +8.32%, SOL +8.4%, DOGE +13.74%, PEPE +29%
- —Total crypto market cap gained 4.49%, adding $125 billion
Why it matters: A weekly close above the 50-week average and May's $82,850 high would confirm a trend shift, with the next resistance near $90,000.
Source: Newsbit