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Bitcoin Soars on Hopes for US Crypto Legislation and Surprising Treasury Move

Guavy AI Editorial Team
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BTC
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Bitcoin has surged more than five percent for the third straight day due to growing optimism over US cryptocurrency legislation.

The world's largest cryptocurrency by market value rose 6.6% to $77,472.44 on Friday, its highest level since May, and is now up over 20% since Wednesday.

This surge in Bitcoin's price comes as the US Treasury has made a surprise move to buy back more of its own bonds, which has fueled a shift towards riskier assets.

The increase in Bitcoin's value indicates that investors are becoming increasingly optimistic about the future of cryptocurrency regulation in the US.

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