business π Bitcoin pumps 22% this week amid market optimism π
Bitcoin saw a significant 22% weekly gain, closing at $76,943.90 on Friday. This rally occurred as Treasury yields pulled back following a major bond market intervention by the Treasury in the US. Roughly $2.7 billion in crypto short positions were liquidated, boosting investor sentiment. Further positive momentum was driven by pushes for the Clarity Act in the coming weeks. Despite the rise, Bitcoin is still far from its 2026 high of $94,820.