Bitcoin surged more than 8% after former President Trump advocated for the 'Clarity Act,' but technical indicators suggest the rally is overextended, signaling potential for a pullback.
Bitcoin (BTC) rallied over 10% to top $71,000, driven by a record $2.7 billion short squeeze and positive regulatory signals, including White House support for new crypto legislation.
Global cryptocurrency exchange BYDFi is participating as a Gold Sponsor at the Coinfest Asia 2026 conference, aiming to engage with institutional clients, developers, and traders at the two-day event in Bali.
Cryptocurrency exchange Binance has launched Agent OS, a new developer platform designed to enable the creation of AI-driven applications that integrate with its trading and financial infrastructure.
Bitcoin recorded its most significant single-day percentage increase since February 6, rallying more than 10% to trade above $71,000. The move pushed the cryptocurrency's market capitalization back towards $1.4 trillion amid a broader market upswing.
A historic short squeeze liquidated a record $2.7 billion in bearish crypto bets, the largest such event since 2021, sending Bitcoin to its highest level since June and boosting related equities.
Cryptocurrency prices rallied sharply, with Ethereum gaining over 18% to a 15-month high, after former President Trump met with industry executives to advocate for the 'Clarity Act,' triggering a wave of short liquidations.
Bitcoin's price surged nearly 8% to approach the $70,000 level, driven by positive comments on crypto regulation from U.S. President Donald Trump and a broader improvement in market risk appetite.
The digital asset EOS posted a double-digit percentage gain on Wednesday, its best single-day performance in several months, amid a broader rally in the cryptocurrency market. The token's price, however, remains more than 99% below its 2018 peak.
