Bitcoin jumps more than 25% as short squeeze bites and Washington signals looser liquidity
Bitcoin's >25% weekly surge reflects a sharp short squeeze after weeks of range trading, amplified by improving macro liquidity signals (larger US Treasury buybacks and a softer dollar). Policy headlines add tailwinds: the SEC's proposed "Regulation Crypto Assets" and renewed White House pressure to advance the CLARITY Act, which could clarify SEC vs CFTC oversight. Risk appetite across crypto rose in tandem.
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin has climbed more than 25% since Monday, briefly hitting an intraday high of $79,500 after spending six weeks range-bound between $62,000 and $66,000. A US digital-asset regulation bill has cleared the House but still needs 60 votes in the Senate to overcome a procedural hurdle. The legislation would split oversight responsibilities between the SEC and the CFTC.