Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge - WSJ

Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge  WSJ

Bitcoin has stormed back from a months-long downtrend, tearing through $79,500 on Friday as a wave of short covering collided with a US Treasury liquidity push and a fresh White House embrace of the crypto industry.

Bitcoin jumped 4.6% to $72,475.25 – a roughly 12% gain over the past two days after the digital asset was trading near $63,000 earlier this week.

Bitcoin is trading at its highest levels since early June as crypto execs joined with President Donald Trump push to get the Clarity Act over the finish line.

MANILA, Philippines — Interior and Local Government Secretary Jonvic Remulla pressed on Congress to pass a law banning first-person shooter games following the fatal shooting incident at the Ateneo de Zamboanga University (ADZU) Junior High School. “Hindi ko sinasabi yun lang solution. Pero, hindi naman one-size-fits-a