Bitcoin hits $87,000 on exchanges as leverage piles in
Bitcoin added to its gains in the afternoon, inching above $87,000 on crypto exchanges Coinbase and Binance.
It has advanced more than 7% through the day, pulling the crypto market higher. Ether ETH $2,703.83 , Solana’s SOL (SOL), XRP, Cardano’s ADA all were 5%-10% higher, while dogecoin surged 14%.
The Nasdaq, meanwhile, had its strongest day since early August, closing 2.8% higher.
Underneath, crypto leverage is building up. Since the overnight break above $82,000, traders added more than $2 billion in futures bets, taking open interest above $31 billion in notional value, according Coinalyze data .
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