Crypto market jumps 4.82% to $2.89T as Bitcoin tops $86,000 for first time in eight months
- —Market cap rose $133.01 billion to $2.89 trillion, up 4.82%
- —Strategy bought 950 BTC for $75.7 million; Bitmine added 27,562 ETH
- —Bitcoin ETFs drew 1,363 BTC worth $116.09 million; Ether ETFs added 54,659 ETH
- —About $470 million in leveraged short positions were liquidated
Why it matters: Bitcoin closed above its 50-week average for the first time since November 2025, which analysts see as confirmation that the bottom is in.
Source: Crypto Insiders