Bitcoin Rises 5% After Trump Urges Crypto Clarity Act

Bitcoin rose more than 5 percent to trade near 71,880 dollars while ether advanced over 9 percent to 2,288 dollars after President Donald Trump called on Congress to advance the Crypto Clarity Act. The moves came amid broader market signals that favored risk assets, including a drop in long-term Treasury yields following the Treasury Department's decision to increase buybacks of 20-year and 30-year bonds.

Traders pointed to the combination of policy signals and macroeconomic shifts. Lower yields on longer-dated government debt can make higher-volatility holdings such as cryptocurrencies more attractive to investors seeking returns, according to market participants. Bitcoin's implied volatility, tracked by the BVIV Index, climbed above 40 after touching a year-to-date low of 35.5 the prior session.

The president's remarks also touched on decentralized finance platforms, including Hyperliquid, which has drawn attention for perpetual futures trading. The platform's native token gained roughly 25 percent in the past day. Volumes in the iShares Bitcoin Trust ETF surged to more than four times its 30-day average even before the latest headlines, reflecting renewed institutional interest.

Bitcoin remains well below its 2026 peak of 94,820 dollars reached in mid-January and its all-time high above 126,000 dollars set last October. Market observers noted that the latest advance reflects an alignment of reduced borrowing-cost pressures and expectations that clearer rules could reduce compliance uncertainty for digital-asset firms.

Analysts at several Asia-Pacific financial institutions described the Treasury action as an effort to ease strains in the long end of the yield curve, where concerns over debt levels have pushed borrowing costs higher. Such moves can redirect capital toward assets that benefit from lower real rates, a pattern observed in prior cycles when policy eased.

The Crypto Clarity Act is expected to address licensing, custody standards, and market-structure issues that have remained unsettled since the last major regulatory push. Proponents argue that defined boundaries would allow legitimate innovation while limiting exposure for retail participants, a view consistent with long-standing arguments that predictable rules support capital formation more effectively than ad-hoc enforcement.

Trading desks reported heavier flows into both spot bitcoin and ether products in the hours after the president's comments. Ether's sharper percentage gain reflected its higher beta to risk sentiment in recent sessions. The broader cryptocurrency market also posted advances, though gains were uneven across smaller tokens.

Observers cautioned that legislative outcomes remain uncertain and that any final bill could contain provisions that narrow certain activities. Still, the initial market reaction underscored how policy signals can influence price discovery in an asset class that continues to trade with elevated sensitivity to both macroeconomic data and regulatory developments.