Bitcoin rises 11% nearing $72K

Bitcoin's price increased by over 11% in two days, approaching $72,000, its highest level since June. This boost came after a decline in US Treasury bond yields, which improved risk appetite and led to the closing of short positions worth approximately $2.7 billion. The market is awaiting the vote on the proposed digital currency market regulation bill in the Senate scheduled for September, which is expected to support innovation and help lift the market out of a slump, despite disagreements between the two parties over the implementation of ethical standards. Bitcoin remains 43% below its all-time high in October 2025.

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