Bitcoin rises 11% near $72,000
Bitcoin's price has increased by over 11% in two days, approaching $72,000, its highest level since June of last year, after dropping to around $63,000 at the beginning of the week. This rise coincided with a decline in US Treasury bond yields, leading to the unwinding of short positions worth approximately $2.7 billion. It also coincided with efforts to support the cryptocurrency market through calls from the US president to pass legislation regulating the sector. Despite this surge, Bitcoin remains 43% below its all-time high recorded in October 2025.
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