Bitcoin jumps above $85,000 to an 8-month high
Bitcoin surged above $85,000 on Monday, reaching an 8-month high and rising 4.7% to $85,117 after nearly 6% gains last week.
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Bitcoin surged above $85,000 on Monday, reaching an 8-month high and rising 4.7% to $85,117 after nearly 6% gains last week.
Crude rallied Monday after renewed U.S.-Iran strikes, with West Texas Intermediate up 2.5% to $85.49 and Brent up 2.7% to $90.47. The 10-year Treasury yield hit 4.76%, while U.S. equities fell.
Bitcoin (BTCUSD) rises nearly 7% to about $72,500 after roughly $500 million in short positions are liquidated, while Glassnode says $75,800 is a key reference level.