Bitcoin, ether surge as Trump urges Congress to pass crypto Clarity Act
CNBC·2026-08-20 13:29

Bitcoin was last seen trading around 5.2% higher at $71,880. Ether was up more than 9% to trade at $2,288.91. Bitcoin remains well below a 2026 high of $94,820 achieved in mid-January and an all-time high of $126,198, which it hit on October 6 last year. Bitcoin, ether and other cryptocurrencies surged after U.S. President Donald Trump urged Congress to pass a bill expected to boost the sector. A retreat in Treasury yields also helped to boost trading in the iShares Bitcoin Trust ETF (IBIT) which was more t ...

Bitcoin, ether surge as Trump urges Congress to pass crypto Clarity Act - Reportify