CFTC Proposal Boosts Crypto Market with Bitcoin Surpassing $80K

The cryptocurrency market has rebounded after the CFTC's proposal of two new crypto rules. Bitcoin (BTC) reclaimed $80K and Hyperliquid (HYPE) and Zcash (ZEC) hit record highs.

The rally follows the Commodity Futures Trading Commission's filing with the White House's Office of Information and Regulatory Affairs (OIRA) for review. This move has put the agency's rulemaking process into motion, which was stalled by the failure of the CLARITY Act to advance in the Senate earlier this week.

Among major cryptocurrencies, Hyperliquid led gains with its price climbing more than 10% over the past 24 hours to a record high above $91. Solana (SOL) followed, rising over 8% and now sitting at just under $110.