Bitcoin Breaks Above $85K, Eyes $88K Target
Bitcoin's price surged past $85,400 on September 21, reaching its highest level since late January. The sharp rebound in U.S. spot Bitcoin ETF inflows and a wave of short liquidations added fuel to the rally.
The broader crypto market also gained 4.7% to $2.95 trillion, although Bitcoin dominance slipped below 58% as altcoins joined the move.
With demand recovering after a difficult week and Strategy adding another 950 BTC to its holdings, traders are now watching whether Bitcoin can extend the move toward $88,000.