Bitcoin Surpasses $87,300 as Crypto Market Rallies; $1 Billion Liquidated

Bitcoin surged to a high of $87,395, reclaiming the $86,000 level with a 5.34% gain over 24 hours, while Ethereum rose to $2,755. The market rally triggered over $1 billion in liquidations across the crypto ecosystem, primarily affecting short positions. The Fear and Greed Index climbed to 78, indicating extreme greed, supported by a strong performance in U.S. tech stocks. Technical indicators for both Bitcoin and Ethereum show strong bullish momentum, with prices trading above key moving averages.