Bitcoin Hits $86,000 as Dogecoin Leads; Ethereum, XRP Rally Pushing Liquidations Towards $1 Billion

Bitcoin rallied to an almost eight-month high as institutional interest surged, while crude oil prices fell below $100 and Treasury yields slipped below 5%.CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$85,996.27Ethereum(CRYPTO: ETH)$2,748.30Solana(CRYPTO: SOL)$117.42XRP(CRYPTO: XRP)$1.51Dogecoin(CRYPTO: DOGE)$0.09882Shiba Inu(CRYPTO: SHIB)$0.055937Notable Statistics: Coinglass data shows 130,362 traders were liquidated in the past 24 hours for $928.11 million. SoSoValue data shows net inflows of $433 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $143.8 million. In the past 24 hours, top gainers include Bitway, Pepe and Dogecoin. Notable Developments: Strategy Buys 950 Bitcoin For $76M as MSTR Surges 8%: What’s Going On? Top 6 Crypto Stocks Climbing with Bitcoin Right Now Bitmine Buys 27,562 ETH as Tom Lee Says Crypto’s Bull Market Is ‘Underway’ Is Solana’s Next ‘Token Supercycle’ Taking Shape? Expert Identifies Three Key Indicators Bitcoin Hits 7-Month High as Coinbase CEO Sees $400,000, Says Crypto Won’t Wait for Congress Michael Saylor Says ‘Welcome Back’ as Bitcoin Bear Admits: ‘I Was Wrong’ XRP Jumps 8% as Ripple Says Asset Managers Eye XRPL Upgrade Trader Notes:Heavily followed crypto trader CrediBULL Crypto said Bitcoin is now pushing into higher-timeframe resistance, raising the risk of a short- to medium-term pullback.He said such a move could still form a higher low above $60,000 before BTC resumes toward $100,000-plus, while consolidation could give altcoins room to rally.Jelle noted Bitcoin’s higher high signals the start of a new bull market, with a weekly close at $83,000 or above providing further confirmation.He believes traders now face a choice between buying immediately, waiting for confirmation or hoping for a better entry on a pullback.Image: Shutterstock Read Also: Is Solana's Next 'Token Supercycle' Taking Shape? Expert Identifies Three Key Indicators