On Friday, Bitcoin prices surged to an impressive peak of 85,294 USD from a low of 79,947 USD. A total market cap of 2.76 trillion USD reflects a 3.98% increase, even as trading volumes dipped by 6.24% to 83.95 billion USD.

During the same period, 43.8 million USD in short positions were liquidated across the market, with broader liquidations reaching a total of 213.64 million USD. This volatility impacted numerous traders, resulting in 79,964 lost positions.