Bitcoin reclaims $80,000 as Ethereum and XRP surge 4%

Bitcoin reclaimed $80,000. Ethereum rose 4%. XRP rose 4%. Bull Theory said more than $170 million in short positions were liquidated in 60 minutes. Bull Theory said $130 billion was added to the total crypto market capitalization in 24 hours. Scott Melker said Bitcoin holding at $78,000 through a rate hike and the CLARITY Act's defeat was the signal to watch. Melker wrote that Bitcoin was up 32% this quarter. Melker pointed to exchange collapses and heavy selling that failed to move the price lower. Melker said he believed the market had likely bottomed because bad news had stopped mattering. Ash Crypto said the Fed would inject $16.5 billion into the economy starting Friday. Ash Crypto said liquidity would reach markets over three consecutive weeks. The New York Fed's schedule shows roughly $15.6 billion in Treasury bill purchases between Sept. 15 and Oct. 14. The purchases are split across five operations. The first operation settled Sept. 18. The remaining operations continue through mid-October. The purchases are reinvestment purchases rather than new quantitative easing. The purchases replace principal payments from maturing agency debt and mortgage-backed securities. Bitcoin broke above its descending triangle resistance Friday. Bitcoin reclaimed its 20-day EMA as support. The move opened a possible retest of the $82,000 September high. XRP bounced from a support zone that has held since the late-August breakout from $1. The SAR remained above XRP's price. XRP needs a break above $1.47 to confirm a full shift back to a bullish trend. Ethereum moved into the 0.5 to 0.618 Fibonacci retracement zone from its October 2025 to January 2026 decline. A weekly close above $2,672 could open a path toward $2,950 to $3,000.