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Bitcoin jumps 7% to $87K amid US Gulf energy plan and crypto short squeeze

Market News
22 Sep 2026
Blockonomi
View Source
Bullish
Bitcoin jumps 7% to $87K amid US Gulf energy plan and crypto short squeeze

Bitcoin surged about 7% to over $87,000, its highest since January, driven by falling oil prices, lower Treasury yields, and renewed interest in spot Bitcoin ETFs. The rally was supported by the Trump administration's $5 billion proposal to rebuild Gulf energy infrastructure damaged in the US-Iran conflict, improving risk sentiment. This price jump triggered $919 million in crypto short liquidations, further boosting Bitcoin. Analysts now watch the $90,000 to $100,000 range as the next key resistance, while rising FOMO and leverage suggest cautious optimism ahead.

Bitcoin's recent price surge provides context for cryptocurrency market activity on Pluang. For readers following crypto assets, here is Pluang's market snapshot as of Sep 22, 2026 17:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 37 rose and 12 fell today. Notable movers include DOGE (Dogecoin) up 7.82% at Rp1.764 with a typical hold time of 109 days and a Pluang order activity split of 46% Sell / 54% Buy, EGLD (MultiversX) up 6.86% at Rp79.419 with 84 days hold time and 29% Sell / 71% Buy, and VET (VeChain) up 5.90% at Rp164 with 146 days hold time and 58% Sell / 42% Buy.

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