Bitcoin held above $86,000 after retreating from a multi-month high of $87,374, while total crypto market open interest (outstanding derivatives contracts) surpassed $159 billion. The rebound kept bitcoin’s weekly gain in double digits and its year-to-date loss just above 2%, with its market capitalization steady at $1.73 trillion and the broader crypto market above $3 trillion. A CFTC (U.S. derivatives regulator) proposal submitted to the White House helped restore optimism after the Senate stalled the CLARITY Act. Rising leverage is supporting a potential move toward $90,000, while the bitcoin-to-gold ratio rose 7.55% over the week to 19.94, reinforcing bitcoin’s digital-safe-haven narrative amid geopolitical uncertainty.