Bitcoin Rises 5% After Trump Urges Crypto Clarity Act

President Donald Trump urged Congress to pass the Crypto Clarity Act on Wednesday, sending Bitcoin and ether sharply higher in a move that underscores the administration's push to foster innovation in digital assets. Bitcoin climbed more than 5 percent to trade near 71,880 dollars, while ether jumped over 9 percent to around 2,288 dollars. The gains came even as both assets remain well below their peaks from earlier in the year.

Traders pointed to the policy signal as a key driver, with the president also hinting at steps to regulate platforms like the decentralized exchange Hyperliquid. That token rose roughly 25 percent in the past day alone. The remarks align with broader efforts to reduce uncertainty for an industry that has faced inconsistent rules from federal agencies.

A separate development in Treasury markets added momentum. The department announced a significant increase in buybacks of 20-year and 30-year bonds, which pushed yields lower. Lower borrowing costs often make riskier assets such as cryptocurrencies more attractive to investors seeking returns outside traditional fixed income. Analysts at firms tracking the sector noted the combination of policy clarity from the White House and easier financial conditions created a favorable backdrop.

Bitcoin's volatility index climbed above 40 after touching a yearly low just days earlier, reflecting renewed trader interest. Exchange-traded products tied to the asset, including the iShares Bitcoin Trust, saw trading volumes several times above recent averages. Market participants described the move as a response to both macroeconomic shifts and concrete legislative momentum.

Trump's intervention follows months of debate over how to structure oversight without stifling growth. Supporters argue that clear rules would allow American companies to lead in blockchain technology rather than cede ground to overseas competitors. The president's comments emphasized passing legislation that provides predictability, a stance consistent with his administration's focus on reducing regulatory burdens across multiple sectors.

Hyperliquid's popularity among traders using perpetual futures contracts drew particular attention in the remarks. The platform has attracted users looking for efficient ways to take leveraged positions, and any formal framework could influence how such tools operate going forward. Token prices reacted quickly to the possibility of structured oversight rather than outright prohibition.

Broader market sentiment improved as well. With yields retreating, capital flowed into higher-beta assets. Observers noted that Bitcoin's price action captured both the direct policy catalyst and the indirect effect of cheaper long-term debt. The asset has shown resilience despite sitting far from its all-time high above 126,000 dollars.

Congress now faces pressure to advance the Clarity Act amid these market signals. Proponents say the bill would establish basic standards for custody, trading, and consumer protection without the heavy-handed approach seen in prior proposals. Detractors worry about insufficient safeguards, yet the president's public backing has shifted the conversation toward action rather than continued delay.

Trading desks reported heightened activity across spot and derivatives markets. Ether's outsized gain relative to Bitcoin highlighted rotation into altcoins as risk appetite returned. The episode illustrates how statements from the executive branch can still move digital-asset prices when they point toward reduced friction for legitimate business activity.

As lawmakers review the legislation, participants in the sector will watch for signs that the White House priorities translate into votes. The surge in prices offers an early indication that markets are pricing in a more constructive environment for cryptocurrencies under the current administration.