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Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism
- On Wednesday, Bitcoin surpassed $70,000 for the first time since June, driven by Treasury liquidity expansion and renewed optimism over U.S. cryptocurrency regulation.
- Treasury Secretary Scott Bessent doubled long-term bond buybacks to $4 billion, while President Donald Trump met with crypto executives at the White House to urge passage of the Digital Asset Market Clarity Act.
- Forced short liquidations exceeding $3 billion in 24 hours accelerated the rally as traders covering bearish bets broke Bitcoin past a six-week resistance level.
- Spot Bitcoin ETFs recorded $517 million in inflows on Wednesday, while the Senate is expected to vote on the Digital Asset Market Clarity Act on September 15.
- Despite the surge, Bitcoin remains far below its October 2025 record above $126,000, and analysts caution the asset must sustain current momentum to confirm a lasting recovery.
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Strategy Rallies 8%, MARA Holdings Climbs 6%, Coinbase Jumps 5% as Bitcoin Breaks Out of Its 2026 Range
Bitcoin just punched through the ceiling that trapped it for most of 2026, and the ripple through crypto-linked stocks is revealing exactly how much leverage each business model was hiding.
·Lakewood, United States
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Bitcoin Surges Above $75,000 As Crypto Market Rebounds
Bitcoin is heading toward a roughly 20% weekly gain after a series of developments revived investor confidence in the cryptocurrency market. Bitcoin climbed from about $62,837 at the start of the week to $75,343 on Friday. Crypto-related stocks also advanced, with Coinbase, Circle and Strategy posting strong gains, while a Bitcoin-focused ETF rose in premarket trading.💡The rally accelerated after Treasury yields declined following a major inter…
·United States
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Total News Sources84
Leaning Left4Leaning Right15Center14Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
12%
C 42%
R 46%
Factuality
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