Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge

Bitcoin jumped 7.09% to US$69,266 and Ethereum soared 17.48% as Trump urged Senate passage of the CLARITY Act. A short squeeze and $1.14B in liquidations amplif

Bitcoin is trading at its highest levels since early June as crypto execs joined with President Donald Trump push to get the Clarity Act over the finish line.

By Jason Chau and Emese Bartha