Bitcoin Soars Past $75,000 Amid Government Intervention

Crypto markets experienced their strongest week in over two years, with Bitcoin climbing from $64,100 to as high as $77,000.

Ethereum outperformed, rising by 18% in a single day. Other assets like XRP and Solana also saw double-digit gains.

The catalyst for this surge was a combination of three factors: the US Treasury's announcement to double its bond buyback operations, the SEC's proposed rulemaking on crypto assets, and President Trump's push for the Clarity Act at a White House summit.

Roughly $2.75 billion in bearish positions were liquidated within 24 hours, with more than $1 billion cleared in a single hour.