Bitcoin Breaks Out as Trump's Crypto Push Sends Price Soaring

After six weeks of trading in a tight band between $62,000 and $66,000, Bitcoin broke out and surged to around $79,500. The catalyst behind this sudden move was President Trump's renewed push for crypto-friendly legislation, combined with a major U.S. Treasury move.

The Clarity Act is set to bring clearer crypto rules, which will further boost market confidence across the ecosystem. Traders are now watching ETF inflows and policy progress closely for signs that Bitcoin can reach its target of $100,000.

While some may view this as a sharp bounce within a longer sideways range, others see it as the start of a real trend reversal. The question remains whether this is just another short-term rally or the beginning of a sustained upward movement.