Bitcoin Surpasses $86,000 Amid Pro-Crypto Moves Despite CLARITY Act Vote Failure
On September 21, 2026, Bitcoin (BTC) reached a high of $86,282.09, marking an eight-month peak and gaining over 5.8% in the past day due to short squeezes that liquidated around $454 million in BTC short positions. The broader crypto market also saw significant short position liquidations totaling more than $928 million across various assets. Ethereum (ETH) surged to $2,760.17 and XRP hit $1.50 within 24 hours, while Hyperliquid's native token HYPE reached a new all-time high of $95.99 following the launch of its loan feature allowing users to borrow stablecoins using crypto as collateral. Despite the failure of the Senate cloture vote on the CLARITY Act and recent Federal Reserve rate hikes, pro-crypto measures from the Trump administration have bolstered market sentiment.
Topics: Bitcoin Crypto Market Rally Ethereum HYPE Short Squeeze XRP