Bitcoin Surpasses $78,000 as Trump Backs Clarity Act and Strategy Builds Cash Pool

The price of Bitcoin has surpassed $78,000 as investors react to renewed hopes for US crypto regulation and easier financial conditions.

The world's largest cryptocurrency rose by around 1.6% to $78,759.10 on Monday, continuing its recent recovery.

This move comes after a huge weekly rally, with Bitcoin gaining nearly 25% over the past week and briefly moving above $79,000.

The latest rise shows that investors are still willing to take bigger risks when they see signs of more liquidity and clearer rules for the crypto market.