Bitcoin Soars to Three-Month High as Asian Crypto Stocks Rally

Asian crypto-linked stocks surged on Friday as Bitcoin rebounded sharply to a three-month high above $73,000.

The rally was fuelled by renewed optimism over U.S. crypto regulation following Trump's call for Congress to pass a 'fair version' of the Clarity Act.

The act would establish clearer regulatory definitions for cryptocurrencies and determine the respective oversight roles of the Securities and Exchange Commission and Commodity Futures Trading Commission.

Shares of Japanese bitcoin treasury firm Metaplanet Inc. surged more than 20% to hit three-month highs, while Hong Kong-listed Boyaa Interactive International shares rose by 17%.