Bitcoin holds at $86,000 as oil prices decline; Dogecoin rallies

Bitcoin is consolidating around $86,000 following a recent rally, supported by a favorable macroeconomic environment and falling oil prices. While Bitcoin rose 1.5% over 24 hours, Ethereum gained 2%, XRP climbed 4.4%, and Dogecoin experienced a significant surge, peaking at over 15% before settling at a 7.4% gain. The market saw over $1 billion in liquidations in the last 24 hours, with 82% of those being short positions, including $608 million in Bitcoin and $181 million in Ethereum.