Elsewhere in the crypto landscape, Strategy is nearing an all-time Bitcoin holding record.
Michael Förtsch / Unsplash
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Here's a quick recap of the crypto landscape for Monday (September 21) as of 11:00 p.m. UTC.
Bitcoin price update
Bitcoin price chart
Ether and altcoin price update
Today's crypto news to know
Bitcoin price update
Bitcoin (BTC) was priced at US$86,603.13, trading 6.9 percent higher over the past 24 hours.
The asset absorbed a Federal Reserve interest rate hike, a Bank of Japan rate hike to a 31 year high, and the Senate's rejection of the Clarity Act without trading meaningfully below US$75,000. Easing macroeconomic pressures propelled the rally as Brent crude hit a half-month low and US 10 year Treasury yields fell to 4.93 percent. Short sellers have suffered massive losses as crypto short liquidations approach US$850 million over 24 hours.
#BitcoinBreaksAboveMayHighNears$86K
Spot buying cleared resistance at US$82,000 and forced more than US$230 million in Bitcoin shorts to liquidate as secondary stop-loss orders pushed the price through US$84,000.
#21SharesLaunchesEuropesFirstZcashETP
Spot Bitcoin exchange-traded funds (ETFs) finished the week with US$6.2 million in net inflows after reclaiming US$592 million across Thursday and Friday to erase earlier weekly losses.