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Crypto

Bitcoin Surges Above $79K Amid Regulatory Optimism and Institutional Inflows

Guavy AI Editorial Team
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BTC
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On August 24th, Bitcoin's price surged above $79,286 before settling at $77,282.05, representing a 0.31% gain in 24 hours and a significant 22.07% increase over the week.

The rally was driven by institutional inflows, regulatory optimism, and expectations of improved liquidity, while US Treasury bond buybacks boosted risk appetite.

One factor contributing to this upward momentum is the CLARITY Act, which has strengthened hopes for clearer US crypto rules.

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