Bitcoin Surges 14%, Boosting Elon Musk's SpaceX Holdings to $1.6 Billion

The cryptocurrency market is experiencing a surge in prices, led by Bitcoin's 14% gain over the past seven days. This significant increase has pushed Elon Musk's SpaceX holdings above $1.6 billion.

Bitcoin continued to trade near $86,500 on September 23, with an intraday gain of approximately 0.3%. The price briefly touched a high of $87,395, its highest level in nearly eight months. Although profit-taking emerged, the price remained above $85,000.

In comparison to the low near $76,000 on September 17, Bitcoin's cumulative rebound has exceeded 13%. Other cryptocurrencies such as Bitcoin Cash and XRP are also experiencing significant gains, with Bitcoin Cash surging 30% in a single day to approach the $350 mark. XRP breached the key $1.5 level, sparking strong bullish momentum.