Bitcoin rose above $87,000 intraday on September 22 as a broad cryptocurrency rally forced bearish leveraged positions out of the market. The AI sector led gains, advancing 9.66%, with Bittensor, Akedo and Fetch.ai rising 18.97%, 13.63% and 14.01%, respectively. Ethereum moved above $2,700, while meme, payments, Layer 1 and Layer 2 sectors also advanced. Improved risk appetite was linked partly to Donald Trump's administration proposing a $5 billion Gulf reconstruction initiative to repair infrastructure damaged during the Iran war. South Korea's KOSPI rose 2.21% to 7,162.57 on foreign and institutional buying. Analysts remained divided over whether Bitcoin's rebound could be sustained above key technical levels.