Bitcoin Hitting New 33-Week High Brings Back Crypto Bull Market Claims
Crypto short liquidations neared $800 million as traders said Bitcoin’s breakout points to a new bull market and a higher target range.
- Bitcoin crossed the $86,000 mark on Monday for the first time since late January, hitting a 33-week high of $86,332 on Bitstamp while gaining nearly 6% during the trading session.
- Falling WTI oil prices, which dipped below $92 per barrel, lifted Wall Street stocks on Monday, as diplomatic signals from President Donald Trump and Qatar regarding the US-Iran war improved market sentiment.
- Crypto short liquidations neared $800 million over 24 hours as market participants reacted to the surge, with The Kobeissi Letter describing the environment as "in a new bull market" following significant BTC/USD gains.
- Rekt Capital confirmed that BTC/USD broke out of its macro downtrend, exiting the $60k-$80k Range and invalidating the previous lower-highs cycle that had been in place since 2025.
- To validate the current breakout, Bitfinex Alpha, the research arm of crypto exchange Bitfinex, identified three requirements: buyer support, rising open interest, and fresh capital inflows to US spot Bitcoin ETFs.
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<p>Bitcoin has brought the crypto market back to $3 trillion amid rising risky bets Crypto market capitalization has risen to $3 trillion following Bitcoin's rally. Open interest in futures almost reached $160 billion.</p>
The Bitcoin rose beyond the $86,000 barrier today, continuing with its strong rise over the last few days.
The digital currency has soared to a nearly eight-month high, Wall Street is seeing price increases and oil prices are also falling • So what is weighing on the markets, and has the "Bitcoin Spring" arrived?
Bitcoin clears $86,000 as $1B in shorts liquidated again - battle now shifts to $90k
Bitcoin’s break above $86,000 has cleared a major pocket of bearish leverage and put $90,000 back in traders’ sights. The largest cryptocurrency climbed as high as $87,363 over the past 24 hours, its strongest level since January, before easing to $85,824 at press time, CryptoSlate data show. The advance pushed Bitcoin through a zone that […]
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