Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Bitcoin Breakout: Trump's Crypto Push Sends Price Soaring Above $79,500

Guavy AI Editorial Team
Instruments
HYPE BTC
Share

Bitcoin's price has broken out of its six-week-long trading range, reaching $79,500 after President Donald Trump's push for crypto-friendly legislation and a move by the U.S. Treasury.

The break above $66,000 was fueled by Trump hosting industry leaders at the White House on August 19, where he urged Congress to pass a 'fair version' of the Digital Asset Market Clarity Act.

The bill aims to clarify which crypto tokens are securities and commodities, but has stalled in the Senate due to ethics concerns.

Meanwhile, the CFTC has been advancing crypto-friendly rules on its own, and Trump hinted at regulating Hyperliquid, a decentralized exchange known for 'perpetual futures' trading.

More on Crypto

Crypto just now

YZi-Labs-Backed BounceBit Chain Hacked for $3.1M, Shut Down

Crypto just now

Crypto.com Customer Support Fails User After Deleting Account Without Warning

Crypto 1m ago

Japan Grants First Crypto Exchange License in Four Years to Laser Digital

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy