President Donald Trump hosted cryptocurrency executives at the White House on Wednesday and pressed Congress to pass the Digital Asset Market Clarity Act, sending Bitcoin and related stocks higher. "We need Congress to take the next step by passing the Clarity Act, a fair version of the Clarity Act," Trump said, according to Bloomberg. "It's a very, very powerful structured legislation which will keep us ahead of China, keep us ahead of everyone else." Trump also said the U.S. was at the "very beginning ...

Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent’s successful move to push US bond yields lower and a high-stakes meeting President Donald Trump held with crypto industry leaders.Bitcoin rose about 4.1 per cent to over $71,900, its highest level since May 31. A token associated with offshore exchange Hyperliquid climbed 23 per cent in 24 hours, according to CoinGecko data, after Trump indicated the US is looking at options for allowing the der ...

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 ...