Bitcoin gained 22.6% over seven days, its largest advance over any seven-day window since November 2024, after the president told crypto executives at the White House that Congress needs to pass market structure legislation. Perpetual funding rates barely moved off zero, indicating the buying came from short covering and spot funds rather than new leveraged longs.

After gathering with digital asset executives, Trump urged lawmakers to get the crypto market structure bill over the line.

Bitcoin inched towards the $70,000 mark for the first time since early June as Trump pushed Congress to pass the stalled CLARITY Act.