I have been watching Bitcoin rise above $70,000 for the first time since June, driven by treasury purchases that boosted risk appetite. This jump pushed Bitcoin past $68,000, wiping out about $1.4 billion in short positions (shorts) and signaling institutional confidence. 🚀
At the same time, the political angle is heating up: Trump told the Commodity Futures Trading Commission (CFTC) that they are close to approving Hyperliquid for U.S. traders, and urged Congress to rush passage of the Clarity Act during a cryptocurrency event at the White House. This could help unlock liquidity and bring more mainstream exposure. 🤝
On the campaign front, Fairshake—a political action committee focused on the crypto industry—lost $2 million in the Florida primary election, highlighting the volatility of crypto-related political funding. I remain cautiously optimistic as the market digests these mixed signals. 📊$BTC
, $TRUMP , $MAGMA
At the same time, the political angle is heating up: Trump told the Commodity Futures Trading Commission (CFTC) that they are close to approving Hyperliquid for U.S. traders, and urged Congress to rush passage of the Clarity Act during a cryptocurrency event at the White House. This could help unlock liquidity and bring more mainstream exposure. 🤝
On the campaign front, Fairshake—a political action committee focused on the crypto industry—lost $2 million in the Florida primary election, highlighting the volatility of crypto-related political funding. I remain cautiously optimistic as the market digests these mixed signals. 📊$BTC
, $TRUMP , $MAGMA