Digital asset prices surged on Sept. 18, driving the market leader past $80,000 during a period of intense trading activity. Liquidations of short positions reached $250 million within four hours as oil supply fears pushed crude to $98 per barrel and drove U.S. bond yields higher. The price reached a daily peak of $81,223 after climbing from an earlier intraday mark of $80,935.

BlackRock's spot Bitcoin ETF, IBIT, rose nearly 6% and ranked as the fifth most traded U.S. ETF by volume. Bitcoin ETFs recorded one day net inflows of 1,955 BTC, or $154.39 million, though net flows over seven days were negative 6,715 BTC. Ethereum ETFs reported a one day net outflow of 28,356 ETH, totaling $71.75 million.