Bitcoin Smashes Through $85K — Bulls Are Back?
Market snapshot:
BTC ~$86K, up ~3% on the day — broke $85K after days of sideways chopETH ~$2,735, up ~2%, holding above $2,700
Top stories:
Citigroup just raised its 12-month BTC target to $113K (from $82K) and ETH to $3,028 — expecting $5B in crypto inflows over the next year. Treasury yields pulled back from 24-year highs, giving risk assets room to breathe. Over $190M in positions liquidated in 24h as the breakout caught shorts off guard. Q3 closed strong: BTC +43%, ETH +71% for the quarter.
What to watch: US jobs data lands today — a hot print could revive Fed hike bets and spoil the party.
Breakout real or bull trap? Drop your take 👇
Not financial advice. DYOR.
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