Investment
Features
FeesSafety
Academy
More
Pluang+

Crypto market rebounds as $450M shorts liquidate; Bitcoin hits 9-month high at $85,299

Market News
21 Sep 2026
Coingape
View Source
Bullish
Crypto market rebounds as $450M shorts liquidate; Bitcoin hits 9-month high at $85,299

The crypto market saw a sharp recovery with $450 million in short positions liquidated in four hours, driving Bitcoin to a 9-month high of $85,299. This surge was fueled by fading fears of Fed rate hikes, hopes for an end to the US-Iran conflict, and falling oil prices. Bitcoin closed above its 50-week moving average for the first time since November, signaling a potential bear market bottom. Market sentiment improved with increased trading volume and bullish on-chain data, suggesting a sustained recovery ahead.

As of Sep 21, 2026 19:22 WIB, Bitcoin trades on Pluang at Rp1.511.729.363, showing a strong 1-day gain of 6.20%. The market remains active with a 24-hour trading volume of Rp666,2T and a market cap of Rp30.361,21T. Despite the recent surge, most Pluang users are selling, with 77% of order activity on the platform being sell orders, while typical hold time is 110 days.

More News (BTC)

Bitcoin surges 44% in Q3, signaling a potential crypto bull run amid new US regulatory support.

Bitcoin surges 44% in Q3, signaling a potential crypto bull run amid new US regulatory support.

Bitcoin has gained 44% in the third quarter of 2026, its best quarterly performance since late 2024, outperforming gold, the S&P 500, and major tech stocks like Nvidia. This rally is driven by oversold conditions, a short squeeze, and a recent U.S. S...

Market News
Bullish
4 hours ago
Bitcoin price briefly spikes to $155,000 on Bitfinex due to a market glitch before correcting back.

Bitcoin price briefly spikes to $155,000 on Bitfinex due to a market glitch before correcting back.

Bitcoin's price on Bitfinex briefly surged to nearly $155,000 due to a split-second liquidity shortage and forced liquidations in the BTC-PERP futures market, while the spot price remained stable around $85,000. This glitch caused a short-term price ...

Market News
Neutral
5 hours ago
Dogecoin tests key resistance near $0.093 amid broader crypto rally without new news.

Dogecoin tests key resistance near $0.093 amid broader crypto rally without new news.

Dogecoin (DOGE) is trading around $0.092–$0.093, facing resistance near $0.093–$0.095, a level that has repeatedly blocked its recovery attempts. This rally lacks new Dogecoin-specific news or Elon Musk comments and is driven by a broader crypto mark...

Market News
Bullish
5 hours ago
Bitcoin rallies to $85K as falling oil prices ease inflation fears and boost risk appetite.

Bitcoin rallies to $85K as falling oil prices ease inflation fears and boost risk appetite.

Bitcoin surged to about $85,117, extending its recovery by roughly 30% since August 19, driven partly by a 2% drop in Brent crude oil prices to around $102 a barrel. The decline in oil prices has eased inflation concerns and lowered U.S. Treasury yie...

Market News
Bullish
5 hours ago
Bitcoin breaks above 52-week average, signaling a new bull run with potential price surge past $83k.

Bitcoin breaks above 52-week average, signaling a new bull run with potential price surge past $83k.

Bitcoin dropped to $74,967 ahead of the U.S. Fed rate hike but rebounded 9.21% within a week, suggesting resilience despite bearish news. It closed above its 52-week moving average for the first time since November 2025, indicating the start of a new...

Market News
Bullish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App