Bitcoin Extends Gains as Trump Calls for Regulatory Clarity

Crypto stocks experienced a surge on Friday as Bitcoin continued its upward trend, reaching levels not seen since late May. This rally was largely driven by President Trump's call to pass clear regulatory rules for digital assets.

The rise in crypto-linked stocks was led by the likes of

, which climbed 10.2%, and, which rose 6.8%. Other notable gains included at 6.4%, at 5.4%, at 5%, at 4.7%, at 2.4%, and at 3.7%.

The rally in Bitcoin was a key driver of the overall market movement, with the largest cryptocurrency jumping 8.9% to $78,135.60. This break above the roughly $60,000-to-$70,000 range that had held for most of 2026 is seen as significant.

The Treasury Department's decision to double its bond buybacks in an effort to contain rising yields also contributed to the risk-on sentiment in the market. While this move was modest in scale and short-lived, it sent a positive signal to crypto markets.