Key Facts
Bitcoin surged to US$69,266, up 7.09% in its steepest daily gain since March, breaking decisively above the psychological US$64,000 floor that had anchored early August.
Ethereum led the majors with a 17.48% jump to US$2,251 as leveraged short positions across derivatives were forcibly liquidated during a White House-driven risk-on rotation.
A US$1.14 billion cascade of crypto short liquidations powered the rally after President Donald Trump sat down with industry leaders at the White House and pushed the Senate to pass a fair version of the CLARITY Act.
Solana rose 10.83% to US$85.37 and XRP gained 10.29% to US$1.1044 as the squeeze that lifted Strategy shares 12% and Coinbase higher also dragged Bitcoin toward the US$70,000 mark.
