Bitcoin's price jumped over 5% to surpass $87,000, its highest since January 2026, driven by a large short squeeze that liquidated over $300 million in short positions within an hour. This surge was supported by $435 million in net inflows into US spot Bitcoin ETFs, signaling growing institutional interest. The rally also coincided with positive macroeconomic factors like easing crude oil prices and a rising Nasdaq. While some see $90,000 as the next target, analysts caution the rally may be temporary due to rising Treasury yields and recent Fed rate hikes increasing borrowing costs.
Bitcoin is trading at Rp1.546.337.632 on Pluang, showing a strong 7.48% gain in the last day. The market remains active with a 24-hour volume of Rp992,69 trillion. These figures are current as of Sep 22, 2026 04:02 WIB.
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