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Bitcoin Surges to $74,000 After President Trump Throws Support Behind Key Crypto Bill

Bitcoin Surges to $74,000 After President Trump Throws Support Behind Key Crypto Bill

Key Takeaways

  • Bitcoin hit its highest level in nearly a month on Wednesday, surging about 8% over the past 24 hours to as high as $74,000.
  • President Trump slammed banks for stalling the passage of the Clarity Act, a measure that is expected to boost the crypto industry.
  • Cathie Wood’s ARK Invest recently added to its positions in crypto-linked stocks Coinbase and Robinhood, which also gained on Wednesday.

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This crypto winter could be cut short.

Bitcoin (BTCUSD) rallied over the last 24 hours, pushing prices to as high as $74,000 for the first time since early February—signs of an early thaw that appear to be giving investors hope that a recovery…

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