Crypto market tops $3T as Bitcoin nears $87K, boosted by ETF inflows and short squeezes.

The crypto market has surged back above $3 trillion, led by Bitcoin reaching nearly $87,300, its highest since January. This rally is driven by strong inflows into U.S. Bitcoin ETFs, with nearly $1 billion added in a single day, and a significant short squeeze that forced bearish traders to cover positions. The broader crypto market, including Ethereum, XRP, Solana, and Dogecoin, also gained as improved macroeconomic conditions and institutional demand supported the rise. This momentum suggests a more sustainable recovery beyond just derivatives trading.

As of Sep 22, 2026 22:53 WIB, ARK on Pluang trades at Rp1.980 with a 1-day decline of 3.04%, showing some weakness despite the broader crypto market rally. The market cap stands at Rp613.43 million with a 24-hour trading volume of Rp95.75 million. This contrasts with the article's focus on Bitcoin's surge and the overall crypto market recovery above $3 trillion, highlighting varied performance within different crypto assets on Pluang.