Bitcoin Surges 12% in Two Days to $72,000 as Trump Hosts Crypto Executives to Push Clarity Act

Bitcoin climbed above $71,000 on Thursday, reaching $72,383.99, its highest level since June 1, capping a 12% two-day gain after President Donald Trump hosted top crypto industry executives at the White House and called on Congress to pass the stalled cryptocurrency legislation known as the Clarity Act. Bitcoin had been trading near $63,000 earlier in the week before Trump's push sparked the rally. The Clarity Act is widely seen as a key catalyst that could lift the crypto market, but it has been held up by a bipartisan dispute: Democrats want tougher ethics provisions that would bar the president and other public officials from personally profiting from digital assets, while Republicans have resisted those provisions as overly targeted.

Trump called for a 'fair version' of the bill. The move above $71,000 also triggered a technically significant golden cross pattern on Bitcoin's chart, a bullish signal that traders watch closely. Crypto-related shares also rose alongside Bitcoin following Trump's renewed public push.