Bitcoin surges above $70K as Trump backs Clarity Act, Treasury ramps up buybacks
Bitcoin jumped 4.6% to $72,475.25, a roughly 12% gain over two days after trading near $63,000 earlier in the week, with the surge linked to Trump backing the Clarity Act and the Treasury ramping up buybacks.
Why it matters — Bit Digital's revenue and profitability are tied to Bitcoin prices, so a sharp rally in the underlying asset can boost mining economics for the company.