Bitcoin Records First Weekly Close Above 50-Week Average Since November 2025

Bitcoin's price rose to $84,500 as over $300 million in short positions were liquidated. Polymarket US reportedly faced a $10 million debit-card fraud attempt, with the CEO prioritizing growth. Stablecoin payroll fees may reduce workers' take-home pay. SUI's price increased 17% following a finance product teaser.

Bitcoin surged to $84,984, up 4.7%, driven by a short squeeze with $648M in short positions liquidated. Open interest rose 7.59% to $156B, indicating traders are replacing positions. Bitcoin's futures open interest topped 700K BTC, signaling increased demand for leverage.

ACINQ patched three vulnerabilities in its Eclair Bitcoin Lightning software that could allow malicious peers to drain, lock, or redirect node funds. The most severe flaw could cause a node's entire local channel balance to be lost to miner fees during a cooperative close. ACINQ recommended users upgrade to the latest version, Eclair 0.14.3, to mitigate these risks.

Bitcoin prices rose above $84,000, an 8-month high, despite the failure of the Digital Asset Market Clarity Act in the Senate. The bill fell short of required votes due to Democratic opposition and Republican defections. Affected companies include Strategy (MSTR), Coinbase (COIN), Circle (CRCL), and Robinhood (HOOD).

Bitcoin (BTC) traded near $85,000 on Monday, with short sellers facing significant liquidations totaling $300 million in an hour, according to CoinGlass. Bitcoin and ether accounted for the majority of these liquidations, with a notable $11 million bitcoin position liquidated on Binance.

Bitcoin rose 4.9% to $84,371.9 after the SEC allowed tokenized U.S. stock trading on blockchain platforms. Coinbase, MicroStrategy, and Robinhood shares also gained. Ethereum, XRP, and other altcoins saw increases, while oil prices fell 2%. Fed policy remains a potential headwind.