Bitcoin Holds Above $85K as Nasdaq Hits Record High and AI Rally Accelerates
- —Bitcoin near $85,600, up about 5% in 24 hours, briefly touching $87,000
- —Over $1 billion liquidated, $844 million in shorts, $608 million in BTC alone
- —Nasdaq Composite set a new intraday record, Alphabet rose about 2%
- —Binance invested $100 million in Circle, USDC issuer's shares rose
Why it matters: The short squeeze appears largely complete, so the next move depends on fresh demand entering the market.
Source: CoinCentral