Bitcoin Rally Fueled by Trump-Backed Clarity Act Push

Bitcoin jumped over 5% to about $72,384, its highest since June, with a two-day gain near 12% as Treasury yields fell and a short squeeze boosted crypto trading; Coinbase and Circle rose roughly 7% as crypto executives pressed Congress to pass a fair Clarity Act before year-end, a move seen as a key catalyst for regulation and the market’s exit from the crypto winter, though partisan divides over ethics rules threaten timing and a Senate vote; Bitcoin remains about 40% below its October 2025 high of around $126,000.