Dogecoin leads crypto rebound with 15% surge as Bitcoin stays above $85,000

Dogecoin led a rebound across the cryptocurrency market, rising 15% as Bitcoin held above $85,000, according to CoinDesk. The move followed a wave of forced buying that resulted in $844 million in losses for short sellers. That buying surge has now run its course, leaving Bitcoin flat over the past hour. Zcash was the only major token trading in negative territory at the time of the report. The latest market action places Dogecoin among the strongest performers while Bitcoin’s recent stability provides a contrast to the sharper move in DOGE. Other assets tracked in the market included ARK, DOG, LION, PUMP and RED.