Bitcoin Rises 5% After Trump Urges Crypto Clarity Act

Bitcoin and ether climbed sharply after President Donald Trump urged Congress to advance a bill aimed at providing regulatory clarity for digital assets. The move comes amid broader market shifts, including a decline in long-term Treasury yields, that together appear to have lifted appetite for higher-risk investments.

Bitcoin traded around $71,880, up more than 5 percent in recent sessions, while ether rose above 9 percent to roughly $2,288. Both assets remain well below their 2026 peaks, with Bitcoin still distant from the $94,820 level reached in mid-January and the all-time high of $126,198 set last October. Trading volumes in related products, notably the iShares Bitcoin Trust ETF, expanded significantly, exceeding four and a half times the thirty-day average before additional headlines emerged.

The proposed legislation, referred to as the Crypto Clarity Act, is viewed by industry participants as an effort to establish clearer rules around custody, trading, and token classification. Trump also referenced potential oversight of decentralized platforms, singling out Hyperliquid, a venue popular for perpetual futures contracts. The platform’s native token advanced roughly 25 percent in twenty-four hours, according to market data.

Analysts attributed part of the price action to macroeconomic developments. The Treasury’s announcement of increased buybacks for twenty- and thirty-year bonds lowered yields on longer-dated debt, easing concerns about borrowing costs and debt sustainability. Lower yields tend to support assets that lack traditional cash flows, such as cryptocurrencies, by reducing the opportunity cost of holding them. Charlie Hayward of RootstockCollective noted that the policy shift improves the relative appeal of risk assets. Max Stuedlein of Sygnum APAC described the rally as reflecting an alignment of both policy signals and macro conditions.

Bitcoin’s implied volatility, tracked by the BVIV Index, moved above 40 after touching a year-to-date low of 35.5 the prior Friday. Such swings often accompany periods when multiple catalysts—regulatory language, Treasury operations, and positioning by large funds—coincide. Market participants are watching whether congressional action on the Clarity Act can sustain momentum or whether prices will remain sensitive to broader equity and fixed-income flows.

The episode underscores how digital-asset prices continue to respond to both sector-specific policy developments and conventional macroeconomic variables. With Bitcoin still trading at a discount to recent highs, the durability of the current move will likely depend on legislative progress and the evolution of Treasury market dynamics in the months ahead.