Trump's Call for Crypto Clarity Boosts Bitcoin to Near $78K

Bitcoin surged to a near $78,000 level on Friday, fueled by renewed optimism driven by President Donald Trump's urging for clearer cryptocurrency regulation in the U.S.

The world's top digital currency gained over 8% and touched an intraday peak around $79,600, reflecting a marked rebound in investor confidence.

This rally coincided with an uptick in risk appetite across markets, partially inspired by the U.S. Treasury Department's announcement to double bond buybacks as a measure to temper soaring yields.