Overview: BTC recovers to USD 81,000
• Bitcoin bounced from the USD 76,000 area last night to USD 80,900; this morning it’s trading around USD 81,212, up 6.4% in 24 hours. At one point, the intraday high reached USD 81,238—the highest since 9/4. 
• According to CoinMarketCap at 6:30, BTC was at USD 80,938, with trading volume of about USD 40 billion. 
• The total market capitalization increased 5.83% to USD 2,770 billion. Current total capitalization is roughly USD 2,770 billion with volume of more than USD 110 billion; Bitcoin accounts for more than 58% of market share. 
• Ethereum is around USD 2,619, up 7.38%. Another session recorded USD 2,619 up 7.27%, and it has once again surpassed the USD 2,600 level. 
2. Why did it surge? - Breaking through the “Clarity pain”
This week, BTC fell below USD 75,000 for the first time since August after the U.S. Senate did not pass the CLARITY Act. 
The rebound is driven by new legal signals:
• The CFTC has filed regulations for crypto-asset products to the White House for review. 
• The SEC announced an innovation exemption, allowing tokenized stocks to be put on blockchain for trading. 
• The House passed a continuation vote to move forward with the Modernization of Reserves Act, proposing that the Treasury Department maintain “a safe Bitcoin storage base.” 
Pantera Capital founder Dan Morehead told CNBC: “This industry doesn’t need Congress. The SEC and CFTC are enforcing everything that should have been in Clarity already.” 
The rally also triggered an extremely strong short squeeze: about USD 238 million worth of short positions in BTC were liquidated within 24 hours, while the entire crypto market exceeded USD 470 million. Cointelegraph reported about USD 250 million in short orders being liquidated in just 4 hours. 
Related stocks also surged: Coinbase rose 11.7%, Strategy increased 16.4%, and Gemini climbed to as much as 31%. 
$BTC
• Bitcoin bounced from the USD 76,000 area last night to USD 80,900; this morning it’s trading around USD 81,212, up 6.4% in 24 hours. At one point, the intraday high reached USD 81,238—the highest since 9/4. 
• According to CoinMarketCap at 6:30, BTC was at USD 80,938, with trading volume of about USD 40 billion. 
• The total market capitalization increased 5.83% to USD 2,770 billion. Current total capitalization is roughly USD 2,770 billion with volume of more than USD 110 billion; Bitcoin accounts for more than 58% of market share. 
• Ethereum is around USD 2,619, up 7.38%. Another session recorded USD 2,619 up 7.27%, and it has once again surpassed the USD 2,600 level. 
2. Why did it surge? - Breaking through the “Clarity pain”
This week, BTC fell below USD 75,000 for the first time since August after the U.S. Senate did not pass the CLARITY Act. 
The rebound is driven by new legal signals:
• The CFTC has filed regulations for crypto-asset products to the White House for review. 
• The SEC announced an innovation exemption, allowing tokenized stocks to be put on blockchain for trading. 
• The House passed a continuation vote to move forward with the Modernization of Reserves Act, proposing that the Treasury Department maintain “a safe Bitcoin storage base.” 
Pantera Capital founder Dan Morehead told CNBC: “This industry doesn’t need Congress. The SEC and CFTC are enforcing everything that should have been in Clarity already.” 
The rally also triggered an extremely strong short squeeze: about USD 238 million worth of short positions in BTC were liquidated within 24 hours, while the entire crypto market exceeded USD 470 million. Cointelegraph reported about USD 250 million in short orders being liquidated in just 4 hours. 
Related stocks also surged: Coinbase rose 11.7%, Strategy increased 16.4%, and Gemini climbed to as much as 31%. 
$BTC
