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Crypto

Trump-Boosted Bitcoin Soars Above $72K Amid Short Squeeze

Guavy AI Editorial Team
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Bitcoin surged to a four-day high of around $72,844 on Friday after its strongest rally in months. The cryptocurrency's price has been boosted by improving US regulatory sentiment and lower bond yields.

The move also saw Ethereum and XRP prices rise, with Ethereum reaching $2,317 and XRP trading at $1.24. Solana also participated in the broader advance.

US President Donald Trump renewed calls for Congress to advance digital asset market structure legislation following discussions with cryptocurrency industry executives. This has helped revive expectations that the US regulatory environment could become more supportive of the industry.

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