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Bitcoin Surges Above $72,000 After Trump Backs Crypto Clarity Act

Guavy AI Editorial Team
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Bitcoin prices surged above $72,000 on Thursday after US President Donald Trump hosted cryptocurrency executives at the White House and urged Congress to pass the Digital Asset Market Clarity Act.

The act would prevent government officials from issuing or sponsoring digital assets for profit while in office. Trump called for a 'fair version' of the Clarity Act, saying it would keep the US ahead of China and others.

The White House event also sparked interest in Hyperliquid, a decentralized exchange whose token surged 25% overnight. This development is seen as a positive step towards boosting investor security and limiting insider trading and fraudulent crypto schemes.

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