Bitcoin Soars 6.7% to $86,594 in Surprise Daily Gain

Bitcoin's price surged by 6.7% on Saturday, reaching $86,594 in its biggest daily gain in months.

The sudden move lifted Bitcoin off its prior close, marking a significant shift against weeks of sideways action.

According to the market, single-day moves of this size are rare for an asset that has been trading within a wide range for months.

Bitcoin's price had previously spent a prolonged stretch below current levels before reclaiming the mid-$80,000s in a single session, significantly changing the technical picture.