Massive Short Squeeze Sends Bitcoin Price Above $86,000

Bitcoins price rallied past $86,000, achieving a 6% daily gain and pushing its market capitalization to $1.72 trillion. The move brought the asset near its Jan. 1 opening price of $87,575, narrowing year-to-date losses to under 2%.  Key TakeawaysBitcoins price rallied past $86,000, lifting its market cap to $1.72 trillion and trimming YTD losses below 2%.The rapid surge triggered over $454 million in bitcoin short liquidations within a 24-hour window.Glassnode anticipates ongoing momentum, though $300 million in weekly ETF outflows remains a drag.  Two Waves of Price Action Lead to $1.72T Market Cap  Bitcoin‘s price tapped $86,000 shortly after midmorning as the cryptocurrency built on Friday’s momentum, when it reclaimed the $80,000 threshold. The latest climb also brought the asset within striking distance of its 2026 opening price, narrowing its year-to-date losses to less than 2%. Market data show bitcoin experienced two rallying waves, with each pushing the price to a new multi-month high.  As reported by Bitcoin.com News, the first and most significant wave saw bitcoins price rally from $81,525 to just over $85,250 within two hours. While an ensuing sell-off dragged the price down to $81,150 around 6:40 a.m. EST, the dip was short-lived, and the price climbed back above $85,000 less

09-22انڈسٹری

NEAR jumps nearly 80% in a week as Intents volume nears $30B

Near Protocols native token surged nearly 80% over the past week, outpacing the wider crypto market as the network expanded its privacy-focused trading services.  On Monday, NEAR traded around $4.29, up about 78.2% over seven days and 22% over the past 24 hours, according to CoinGecko. Total cryptocurrency market capitalization rose about 6% over the same seven-day period.  On Thursday, Near Protocol said deposits and withdrawals for perpetual futures trading through near.com were now confidential by default. Near said the feature obscures the link between a traders funding wallet and a dedicated Hyperliquid trading account.  On the same day, Near said near.com‘s confidential total value locked (TVL) had crossed $70 million, triggering the first snapshot under its NEAR@3.33 incentive program. The program allocated 333,333 milestone tokens for the first distribution. Under the program’s rules, those tokens unlock and convert to NEAR when its three-day volume-weighted average price reaches at least $3.33.  NEAR Intents reaches $29.3 billion in cumulative volume  NEAR Intents lets users request cross-chain swaps, with market makers competing to execute them.  The NEAR Intents Explorer showed about $29.3 billion in cumulative volume and $842 million over the past seven days on Monday. Privacy-focused Zcash wallet ZODL was its third-largest referral source by volume over

09-22انڈسٹری

Circle launches Bitcoin-backed USDC borrowing for institutional clients

Stablecoin issuer Circle has launched a Bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC through onchain lending markets.  The service, called Digital Asset-Backed Borrowing, lets customers deposit Bitcoin, mint Circles wrapped Bitcoin token cirBTC and supply it as collateral to supported third-party lending markets on Arc or Ethereum. Morpho is the first lending protocol supported, with Circle planning to add Aave and other protocols. The rollout coincides with cirBTC going live on Arc on Monday.  According to Circle, borrowed USDC is deposited directly into the customers Circle Mint balance, while borrowing rates, collateral requirements and liquidation thresholds are set by the third-party lending market. The borrowing positions are overcollateralized, with collateral supplied through a customer-controlled wallet to third-party DeFi protocols rather than lent directly by Circle. New York clients are excluded.  Circle previously launched cirBTC on Ethereum in June. The token is backed 1:1 by Bitcoin held in custody by Circle National Trust.  Both launches come days after Circle rolled out the Arc mainnet, its layer-1 blockchain targeting stablecoin payments and financial markets. Arc uses USDC as its native gas token and supports tokenized assets including BlackRock‘s BUIDL and Circle’s USYC.Source: Circle  Institutional crypto

09-22انڈسٹری

Bitcoin hits $86,000 putting ETF investors back in profit after $86 billion wipeout

Bitcoins rally toward $86,000 has pushed US spot exchange-traded fund (ETF) investors back into profit after months underwater.  Related Asset Bitcoin #1 BTC · $85,970.47 24-hour change: up 5.84% Loading price history… 24H Up 5.84% 7D Up 9.07% 30D Up 11.24%  Data from CryptoSlate showed Bitcoin gained about 6% over the past 24 hours, extending its September rebound and briefly trading near $86,000.  Bloomberg Intelligence ETF analyst James Seyffart said the move put the average US Bitcoin ETF holder above water for the first time since January. The funds estimated buys-only cost basis stands at about $81,722 per Bitcoin, while their net cost basis sits closer to current prices.  US Bitcoin ETFs Cost Basis (Source: Bloomberg Intelligence)  Bitcoin traded around $85,165 in Bloomberg Intelligence‘s latest reading, clearing both levels and reversing much of the damage inflicted on ETF investors during this year’s downturn.  Related Person James Seyffart Bloomberg Intelligence ETF Analyst · Bloomberg  The turnaround has been dramatic. US Bitcoin ETF investors held about $86.32 billion in unrealized gains on Oct. 6, 2025, before the subsequent selloff erased that entire cushion. By Sept. 18, the cohort was sitting on an estimated $780 million unrealized loss.  Bitcoins latest advance has effectively repaired that drawdown. Capital flows have recovered more

09-22انڈسٹری

xAI Launches Grok 4.7. It's Bigger, But Late to the AI Frontier Party

In briefxAI released Grok 4.7 on Monday, after at least five delays since late July.The model scored second to Claude Fable 5.1 on GDPval and AA-Briefcase, and second to GPT-6 Astra on EEBench, an electrical-engineering benchmark.Grok 4.7 is live immediately in the Grok app, Cursor, Grok Build, and the xAI API, running on 2.1 trillion parameters with supplemental training on SpaceX engineering data.  Elon Musks xAI released Grok 4.7 on Monday afternoon, its best model to date, calling it “a notable improvement over Grok 4.6 at the same price and speed.”  The release comes after several apparent delays. Musk had walked the timeline back at least five times since late July: “four weeks out,” then “a few weeks,” then “3 to 4 weeks,” then “10 days” on September 1, then “needs a few more days to cook” on September 11.  Myriad: How much will Elon Musk be worth? Click to make your prediction.  xAI says the model spends longer working through hard problems and double-checks its own answers more often than Grok 4.6 did, alongside what the company calls its strongest safety guardrails yet.  Musk followed up on X, calling Grok 4.7 “a strong combination of intelligence, speed s no waitlist this time—its live now

09-22انڈسٹری

Solana's 5-Year Cup and Handle Coils for Potential 106% Run to Rim: Peter Brandt

Technical analyst Peter Brandt has published a weekly Solana (SOL/USD) chart, pointing to the final stage of compression in a rare macrostructure known as the “Cup and Handle” pattern.  According to the veteran trader, the current consolidation represents a “very significant long-term view of SOL.” The coin is currently trading at $116.29, showing potential for a local 106% surge toward the upper boundary of the pattern, which could serve as a springboard for a much larger macro breakout.  Weekly SOL/USD chart showing a multi-year cup-and-handle pattern, Source: Peter Brandt / TradingView  The chart presented by Brandt covers Solanas five-year development cycle. The left side of the “cup” begins at the peak of the 2021 all-time high, after which the asset went through the deep bottom of the late-2022 crypto winter near $9. The recovery toward the 2024 highs completed the outline of the cup and transitioned into a two-year sideways trading range, forming the “handle” of the pattern.  The charts technical indicators confirm that the price is “coiling like a spring” within the final stage of capital accumulation:ATR (17.51): Indicates a cyclical decline in volatility. The amplitude of price fluctuations has narrowed, which is characteristic of healthy position holding.ADX (20.10): Remains below 25, confirming

09-22انڈسٹری

Near Protocol: What‘s Behind NEAR’s 80% Weekly Price Breakout?

Key Insights:NEAR Protocol price has surged as new perpetual futures trading and strong market momentum draw fresh attention to the token.NEAR Intents activity is accelerating, with weekly volume surpassing $1 billion, strengthening the network-usage narrative.Technical breakout and broader altcoin demand are adding to the rally, although recent gains have also triggered profit-taking.  NEAR, the native token of Near Protocol, is one of the best-performing major altcoins this month. Its trading and cross-chain products have gained traction.  NEAR/USDT data on TradingView showed NEAR trading at $4.42. It witnessed an 84% increase over the last seven days and a 115% rise during the past month.  NEAR‘s latest price increase followed the protocol’s launch of confidential perpetual futures on Hyperliquid and the receipt of over $1 billion in weekly volume on NEAR Intents.  Whats Driving Near Protocol Price?  One of the clearest catalysts was the expansion of confidential derivatives trading on near.com. The platform now offers more than 50 perpetual markets through an integration with Hyperliquid, with up to 40x leverage. Funding can be routed from assets held across more than 35 blockchains.  Discover more  Deploy Cloud Servers  Bitcoin price tracker  Enterprise blockchain solutions  Near Protocol Confidential Perps Go Live | Source: X  The privacy layer is designed to keep details such as position

09-22انڈسٹری

Ethereum Crosses $2,700: Bull Trap or the Start of a Major Rally?

Despite the surge, some expect ETH to plunge below $1,500 in the short term.  The cryptocurrency market has been on fire over the last few days despite negative news such as the CLARITY Act failure, rising interest rates in the United States, and escalating global geopolitical tensions.  The past 24 hours have delivered even more gains, with Bitcoin (BTC) climbing past $85,000 for the first time since January, while Ethereum (ETH) hit a nine-month high of roughly $2,750. Many analysts believe the second-largest cryptocurrency is poised for a further rally in the near future, but some describe the current setup as a classic bull trap.  Dont Pop the Champagne Yet?  At first glance, it seems like ETHs cycle bottom is behind us and might be gearing up for a shift toward a bull run. X user DANNY, though, doesnt support that thesis, claiming that the asset is setting up “a huge trap.”  The analyst argued that if ETH pumps to $2,670 (as it happened), sentiment will flip fast, and then people will start projecting further pumps to $4,000 and $5,000. For the X user, that level is the area where the market can trap late buyers before the real flush starts.  DANNY envisioned a slip toward

09-22انڈسٹری

WTI Oil extends losing streak as Saudi exports ease supply fears

West Texas Intermediate (WTI) US Oil extends its decline for the fourth consecutive day on Monday, trading around $91.90 per barrel at the time of writing, down 3.54% on the day. Crude prices remain under selling pressure as signs of resilient Saudi Arabian supply ease fears of major disruptions, outweighing the geopolitical risk premium linked to the prolonged conflict in the Middle East.  Reports of stronger Saudi Arabian Oil exports are helping calm concerns that regional tensions could significantly restrict global supply. CNBC, citing JPMorgan, reported on Saturday that Saudi crude flows remain “surprisingly strong” despite disruptions to the East-West pipeline.  Saudi Arabia also expects the East-West pipeline to recover around half of its capacity within days after a drone attack forced its shutdown. The prospect of a relatively rapid recovery in infrastructure, combined with stronger shipments, reduces immediate concerns about the availability of Saudi crude and weighs on WTI Oil prices.  Discover more  financial  Bitcoin investment guide  Secure crypto storage  Supply concerns are also easing around the Strait of Hormuz, a strategic route for global energy markets. United States (US) Central Command (CENTCOM) Commander Admiral Brad Cooper said on Sunday that Oil shipments through the waterway reached their highest level in six months during the past

09-22انڈسٹری

Solana Price Hits Highest Level Since January Amid $18M Liquidations: is $130 Next?

Solana price surged to $117.23 on September 21 as Bitcoin moved above $86,000 for the first time since January.  SOL increased by 7.37% in 24 hours to $116.68, compared to a stronger recovery in the wider market. The crypto market rose by 4.82% to $2.88 trillion in the session. Ether was above 2700, and XRP was close to $1.47, having increased by 10%.  Ad  Ad  Solana Tops $116 as Short Liquidations Exceed $18 Million  Solana price rose to its highest point in the year since January, as crypto markets expanded their overall recovery.  Over the last 24 hours, the rally sold over 18 million SOL short positions.  $SOL LIQUIDATIONS: Over $18 million in short positions have been liquidated in the last 24 hours as $SOL surged past $116, reaching its highest level since January.   Bitcoin price further soared above $86,000, and increased its rebound since the two-month low by 50%.  Discover more  Choose POS Systems  financial  Finance  Overall, there was a 900 million liquidation of leveraged crypto holdings and a short liquidation of 260 million in less than an hour.  XRP and Ethereum were up by 8 and 6% respectively, as optimistic markets accelerated in key digital assets.  Ad  Ad  Solana Price Surges Toward $120 as Momentum Strengthens  The SOL price surged to $118.00 after gaining 10%

09-22انڈسٹری
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