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

“Now we need Congress to take the next step by passing... a fair version of the Clarity Act,” Trump said.

By Jason Chau and Emese Bartha