• Bitcoin’s price climbed above $86,000 for the first time since January, extending a rally that lifted the broader cryptocurrency market above $3 trillion.

• The rally has coincided with a more supportive U.S. regulatory backdrop.

• Heavy short liquidations added fuel to Bitcoin’s rally, with roughly $800 million in crypto short positions reportedly liquidated over the past 24 hours.

Strategy (MSTR), Coinbase (COIN), Circle (CRCL), and shares of other crypto-linked large-cap equities edged lower in early morning trade on Tuesday, even as Bitcoin’s (BTC) price continued to climb, crossing the $86,000 mark.

MSTR stock and COIN shares fell around 1.7% each. On Stocktwits, retail sentiment around…