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Crypto stocks rally as Bitcoin breaks $86,000, sparking a $300M short squeeze and renewed investor interest.

Market News
21 Sep 2026
Proactive Investors
View Source
Bullish
Crypto stocks rally as Bitcoin breaks $86,000, sparking a $300M short squeeze and renewed investor interest.

Bitcoin surged above $86,000 for the first time in eight months, driving a rally in crypto-linked stocks like MicroStrategy, Coinbase, and Marathon Digital. This breakout triggered a $300 million short squeeze and shifted markets into a risk-on mode, supported by falling oil prices and easing inflation concerns. Despite regulatory uncertainty after the Clarity Act's collapse, the move is expected to reignite investor enthusiasm in the crypto sector, especially as Bitcoin enters a historically positive period after summer lows.

Crypto-linked stocks and Bitcoin's recent surge provide context for cryptocurrency market activity on Pluang as of Sep 21, 2026 23:51 WIB. On this date, out of 50 major cryptocurrencies priced on Pluang, 41 rose and 8 fell. Notable gainers include DOGE (Dogecoin) up 10.82% to Rp1.720 with a typical hold time of 109 days and a Pluang order activity skewed 79% Sell / 21% Buy, GRT (The Graph) up 8.80% to Rp416, and EOS (EOS.IO) up 8.13% to Rp12.649.

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