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$84,400 Bitcoin Surge: Key Stats You Can’t Ignore

Bitcoin reached a peak of $85,000 and is currently trading at $84,400, marking a 4.7% increase in the last 24 hours. All cryptocurrencies in the CoinDesk 20 Index saw gains, with Chainlink’s LINK, Solana’s SOL, and SUI leading the charge. The S&P 500 and Nasdaq rose by 1.7% and 2.3% respectively, reflecting a broader return of risk appetite in traditional markets. Gold, which had recently surpassed $3,000 for the first time, fell back below this threshold. Over the past week, $2.6 billion in leveraged crypto derivatives positions were liquidated, primarily longs, contributing to a healthier market by reducing excessive leverage. Bitcoin also rebounded above its 200-day moving average of $83,767, a critical benchmark for long-term trends, after dipping below it for the first time since last August.

Source: www.coindesk.com

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