Bitcoin Price Surges on Regulatory Signals and Short Squeeze

Bitcoin's price surged by 7.9% in just 24 hours to around $77,137, briefly touching an intraday high of $79,320.

This sharp rebound was driven by a combination of bullish regulatory signals and a massive short squeeze, with approximately $1.5 billion in total crypto liquidations recorded across 178,777 traders.

President Donald Trump's backing of the Clarity Act during a White House meeting helped boost market sentiment, as well as his signal that regulators were working to bring Hyperliquid onshore.