Bitcoin skyrockets over 25% as regulatory support boosts market confidence

In the U.S., Bitcoin surged over 25% to $79,500 after weeks of stagnation. This rally was driven by short covering and a liquidity push from the U.S. Treasury, which doubled its bond buyback program. Regulatory support, including a new proposal from the SEC and advocacy from President Trump for the Digital Asset Market CLARITY Act, further boosted market confidence.