21 Mins
Source:
الاقتصادية
Bitcoin rises 20% fueled by bonds and Trump law
Bitcoin experienced a strong rally during the week, increasing by nearly 20%, supported by declining U.S. Treasury bond yields and improved investor appetite for high-risk assets. It rose from around $62,800 to approximately $77,800, continuing to surpass previous levels, although it remains below its highest point in 2026 at $94,820. The gains were fueled by focused efforts to pass the "Clearity" law, which boosts optimism about the market's future, while declining bond yields and corrective moves in the cryptocurrency market helped lift sentiment and attract liquidity.
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