White House · Donald Trump · Bitcoin · CLARITY Act · Coinbase · Circle · CNBC Technology
Bitcoin surges 12% in two days as Trump, crypto execs lead last ditch effort for Clarity Act
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Bitcoin is trading at its highest levels since June thanks largely to a last-ditch push from the White House and crypto industry leaders to get the Clarity Act across the finish line in the coming weeks.
Key facts
- The price of bitcoin rose more than 5% on Thursday to $72,383.99 and its highest level since June 1
- Bitcoin is still trading about 40% off its October 2025 high of about $126,000
- Crypto stocks followed suit, with Coinbase and Circle up around 7% each along with Strategy, building on their rallies from the prior session
- We need Congress to take the next step by passing the Clarity Act, a fair version of the Clarity Act," Trump said in opening remarks
Summary
The price of bitcoin rose more than 5% on Thursday to $72,383.99 and its highest level since June 1. Crypto stocks followed suit, with Coinbase and Circle up around 7% each along with Strategy, building on their rallies from the prior session. The rally began Wednesday when Treasury yields pulled back sharply, easing pressure on risk assets. On the same day, the White House hosted the CEOs of leading crypto companies, including Coinbase, Kraken, Robinhood, Ripple and ChainLink, at a last-minute event in which President Donald Trump urged Congress to pass "a fair version" of the crypto market structure bill known as the Clarity Act before the end of the year.