
Bitcoin rockets 25% as shorts squeeze and Washington leans into crypto
Bitcoin jumped more than 25% this week, briefly topping $79,500 as short-sellers covered and U.S. liquidity steps supported risk assets, aided by a warmer Washington stance on crypto. Ether and other digital assets rose in tandem amid regulatory signals, including an SEC proposal on crypto assets and talks around the Digital Asset Market CLARITY Act. Hyperliquid’s HYPE token surged after President Trump hinted at bringing the exchange onshore.













