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Bitcoin Reaches Its Highest Level Since January as Crude Sinks 8%

Bitcoin traded as high as $86,355 on Coinbase, its best level since Jan. 29, in a leg that started in the 8 a.m. UTC hour and extended through the U.S. open. West Texas Intermediate crude fell 8.1% and the Nasdaq Composite rose 1.

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A single-asset headline is not a market-wide fact. Check the tape, dominance, and whether the move is cash, derivatives, or a story premium.

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