Bitcoin briefly reached a multi-month high of $87,374 before retreating to $85,098 and later recovering above $86,000, preserving a double-digit weekly gain despite year-to-date losses of just over 2%. Its market capitalization remained about $1.73 trillion, helping keep the total crypto market above $3 trillion. Total crypto-market open interest exceeded $159 billion as leverage rebounded, although Bitcoin liquidations eased sharply from the preceding day. More than $171 million in short positions were liquidated over 24 hours, while total Bitcoin liquidations surpassed $168 million, down from more than $500 million on Monday. The rally has persisted since Bitcoin moved from $77,000 to $80,000 after the U.S. Senate stalled the CLARITY Act market-structure bill. Reports that the Commodity Futures Trading Commission submitted proposed crypto-market rules to the White House helped revive sentiment, while weekend buying lifted Bitcoin above $81,000 despite geopolitical tensions. James Van Straten said the bitcoin-to-gold ratio rose 7.55% over the week to 19.94, reflecting Bitcoin's stronger performance relative to gold.