Bitcoin and crypto prices have surged in recent months as traders bet on a $16 trillion “supercycle.”

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The bitcoin price has topped $82,000 per bitcoin, up from lows of $60,000 in early February, though the market remains braced for coming shocks.

Now, as U.S. secretary of war Pete Hegseth reveals bitcoin is being used as a weapon against China, Wall Street lobby groups fearing a $6.6 trillion shock have been described as being in full panic mode over the crypto market structure bill known as the Clarity Act.

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