CryptoGizmodoabout 1 hour ago
Why Bitcoin's Price Is Spiking This Week
1 min read
Bitcoin climbed to roughly $80,000 this week, up about 27% from an August 16 low near $62,650. The rally follows renewed U.S. crypto regulation optimism via the CLARITY Act and a short squeeze liquidating over $4 billion in bearish positions. Treasury buyback expansion and dollar debasement concerns also fueled gains.
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