Bitcoin Price Surges 11%-and It's More than Just Trump Boosting Cryptos

Dow Jones

3 hours ago

Bitcoin surged to its highest level since June on Thursday after President Donald Trump urged Congress to pass cryptocurrency legislation, while other digital assets were also rallying.

Bitcoin was up 11% to $71,732 over the past 24 hours, according to data from CoinDesk. Ethereum jumped 19% and XRP rose 15% over the same period.

The Hyperliquid token jumped 26% after Trump said that Commodity Futures Trading Commission Chairman Mike Selig was working to bring the decentralized crypto exchange also called Hyperliquid to the U.S.

The moves higher came after Trump, regulators, and executives made the case for Congress to pass the so-called Clarity Act, which would place Bitcoin and other cryptos under commodity regulations instead of securities laws.

The bill faces a procedural vote on Sept. 15.

Coinbase CEO Brian Armstrong, Intercontinental Exchange CEO Jeffrey Sprecher, Ripple CEO Brad Garlinghouse, and Robinhood Markets CEO Vlad Tenev were among the execs that met Trump at the White House.

It wasn't just the president that was boosting cryptos. The Treasury on Wednesday said it would at least double the size of its longer-term bond buybacks, which put a stop to yields' recent run higher.

Lower borrowing costs tend to boost cryptos because they make bonds and other interest-bearing assets less appealing and add liquidity to the market.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2660428980"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2660428980\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2660428980?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-20 19:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2660428980","market":"sh","top_or_hot":-1,"title":"Bitcoin Price Surges 11%-and It's More than Just Trump Boosting Cryptos","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Bitcoin surged to its highest level since June on Thursday after President Donald Trump urged Congress to pass cryptocurrency legislation, while other digital assets were also rallying. \n</p>\n<p>\n     Bitcoin was up 11% to $71,732 over the past 24 hours, according to data from CoinDesk. Ethereum jumped 19% and XRP rose 15% over the same period. \n</p>\n<p>\n     The Hyperliquid token jumped 26% after Trump said that Commodity Futures Trading Commission Chairman Mike Selig was working to bring the decentralized crypto exchange also called Hyperliquid to the U.S. \n</p>\n<p>\n     The moves higher came after Trump, regulators, and executives made the case for Congress to pass the so-called Clarity Act, which would place Bitcoin and other cryptos under commodity regulations instead of securities laws. \n</p>\n<p>\n     The bill faces a procedural vote on Sept. 15. \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> CEO Brian Armstrong, Intercontinental Exchange CEO Jeffrey Sprecher, Ripple CEO Brad Garlinghouse, and <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets CEO Vlad Tenev were among the execs that met Trump at the White House. \n</p>\n<p>\n     It wasn't just the president that was boosting cryptos. The Treasury on Wednesday said it would at least double the size of its longer-term bond buybacks, which put a stop to yields' recent run higher. \n</p>\n<p>\n     Lower borrowing costs tend to boost cryptos because they make bonds and other interest-bearing assets less appealing and add liquidity to the market. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Price Surges 11%-and It's More than Just Trump Boosting Cryptos</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Price Surges 11%-and It's More than Just Trump Boosting Cryptos\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-08-20 19:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Bitcoin surged to its highest level since June on Thursday after President Donald Trump urged Congress to pass cryptocurrency legislation, while other digital assets were also rallying. \n</p>\n<p>\n     Bitcoin was up 11% to $71,732 over the past 24 hours, according to data from CoinDesk. Ethereum jumped 19% and XRP rose 15% over the same period. \n</p>\n<p>\n     The Hyperliquid token jumped 26% after Trump said that Commodity Futures Trading Commission Chairman Mike Selig was working to bring the decentralized crypto exchange also called Hyperliquid to the U.S. \n</p>\n<p>\n     The moves higher came after Trump, regulators, and executives made the case for Congress to pass the so-called Clarity Act, which would place Bitcoin and other cryptos under commodity regulations instead of securities laws. \n</p>\n<p>\n     The bill faces a procedural vote on Sept. 15. \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> CEO Brian Armstrong, Intercontinental Exchange CEO Jeffrey Sprecher, Ripple CEO Brad Garlinghouse, and <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets CEO Vlad Tenev were among the execs that met Trump at the White House. \n</p>\n<p>\n     It wasn't just the president that was boosting cryptos. The Treasury on Wednesday said it would at least double the size of its longer-term bond buybacks, which put a stop to yields' recent run higher. \n</p>\n<p>\n     Lower borrowing costs tend to boost cryptos because they make bonds and other interest-bearing assets less appealing and add liquidity to the market. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XBTY","symbol_name":"GraniteShares YieldBOOST Bitcoin ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2660428980","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2660428980","pubTimestamp":1787224680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bitcoin surged to its highest level since June on Thursday after President Donald Trump urged Congress to pass cryptocurrency legislation, while other digital assets were also rallying.Bitcoin was up ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XBTY":"GraniteShares YieldBOOST Bitcoin ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BK4539":"次新股","LU1861217088.USD":"贝莱德金融科技A2","CONI":"2倍做空COIN ETF-GraniteShares","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","YBTC":"比特币看涨期权ETF-Roundhill","ETU":"T-Rex 2X Long Ether Daily Target ETF","COIN":"Coinbase Global, Inc.","FIAT":"做空COIN期权收益策略ETF-YieldMax","CONL":"2倍做多COIN ETF-GraniteShares","CONX":"Direxion Daily COIN Bull 2X ETF","FDIG":"Fidelity Crypto Industry and Digital Payments ETF","CONY":"COIN期权收益策略ETF-YieldMax","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BK4547":"WSB热门概念","BK4516":"特朗普概念","BK4535":"淡马锡持仓","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","ROBN":"2倍做多HOOD ETF-T-REX","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","YETH":"Roundhill Ether Covered Call Strategy ETF","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BCCC":"Global X Bitcoin Covered Call ETF","BK4595":"比特币概念","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","ETHW":"以太坊ETF-Bitwise","FETH":"以太币ETF-Fidelity","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","COII":"REX COIN Growth& Income ETF","ETHV":"以太坊ETF-VanEck","FBTC":"比特币ETF-Fidelity","BK4554":"元宇宙及AR概念","ETHU":"2倍以太币期货ETF-Volatility Shares","BTC":"Grayscale Bitcoin Mini Trust","BETE":"等权重比特币&以太币期货ETF-ProShares","BK4112":"金融交易所和数据","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","ETHT":"ProShares Ultra Ether ETF","BPAY":"iShares FinTech Active ETF","BTCC":"Grayscale Bitcoin Covered Call ETF","BETH":"比特币&以太币期货ETF-ProShares","BK4585":"ETF&股票定投概念","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","HOII":"REX HOOD Growth & Income ETF","BTCI":"NEOS Bitcoin High Income ETF","BPI":"Grayscale Bitcoin Premium Income ETF","ETHI":"Defiance Leveraged Long Income Ethereum ETF","FINX":"Global X FinTech ETF","ETHE":"最大以太坊ETF-Grayscale","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","MAXI":"比特币期货ETF-Simplify","ETHD":"ProShares UltraShort Ether ETF","BTCO":"比特币ETF-Invesco Galaxy","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","BLCK":"Corgi Crypto Infrastructure ETF","BK4596":"哈里斯概念","BK4600":"加密货币概念","BK4588":"碎股","ETHA":"以太坊ETF-iShares","BK4601":"加密货币现货ETF","TETH":"21Shares Ethereum ETF","ETH":"低成本以太坊ETF-Grayscale","BTCW":"比特币ETF-Wisdom Tree","BK4551":"寇图资本持仓","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BITB":"比特币ETF-Bitwise","EZBC":"比特币ETF-Franklin","COYY":"GRANITESHARES YIELDBOOST COIN ETF","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","SBIT":"2倍做空比特币期货ETF-Proshares","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BITI":"1倍做空比特币期货ETF-Proshares","EZET":"以太坊ETF-Franklin","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ETCO":"Grayscale Ethereum Covered Call ETF","BITO":"比特币期货ETF-ProShares","BK4127":"投资银行业与经纪业","BTF":"比特币&以太币期货ETF-CoinShares","BITQ":"Bitwise Crypto Industry Innovators ETF","BTFX":"比特币期货ETF-CoinShares","ESK":"REX-Osprey ETH + Staking ETF","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","HODL":"比特币ETF-VanEck","MNRS":"GRAYSCALE BITCOIN MINERS ETF","BITU":"2倍做多比特币期货ETF-Proshares","QETH":"以太坊ETF-Invesco Galaxy","DEFI":"比特币期货ETF-Hashdex","HODU":"Direxion Daily HOOD Bull 2X ETF","BITX":"2倍比特币期货ETF-Volatility Shares","ICOI":"Bitwise COIN Option Income Strategy ETF","BTRN":"比特币期货ETF-Global X","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","EETH":"以太币期货ETF-ProShares","COIO":"2倍上限加速COIN ETF-Leverage Shares","SETH":"1倍做空以太币期货ETF-Proshares","IBLC":"iShares Blockchain and Tech ETF","COIA":"ProShares Ultra Coin ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","HOOG":"2倍做多HOOD ETF- Leverage Shares","IAI":"iShares Dow Jones U.S. Broker De","COIG":"2倍做多COIN ETF- Leverage Shares","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","HOOI":"Defiance Leveraged Long + Income HOOD ETF","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","IBIT":"比特币ETF-iShares","COIW":"COIN周配息ETF-Roundhill","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BRRR":"比特币ETF-CoinShares","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","HOOW":"Roundhill HOOD WeeklyPay™ ETF","HOOD":"Robinhood","ARKB":"比特币ETF-21Shares","HOOX":"2倍做多HOOD ETF-Defiance","BKCH":"AdvisorShares Sabretooth ETF","HOOY":"HOOD期权收益策略ETF-YieldMax","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","HOOZ":"2倍做空HOOD ETF-Defiance","GBTC":"比特币ETF-Grayscale","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","HOYY":"GraniteShares YieldBOOST HOOD ETF","DAPP":"VanEck Digital Transformation ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B"},"translate_title":"比特币价格飙升 11%——这不仅仅是特朗普提振加密货币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIG":0.6,"CBOA":0.6,"YBTC":0.6,"ETHU":0.6,"CONI":0.6,"BTC":0.6,"ETHE":0.6,"YETH":0.6,"ETHW":0.6,"DFII":0.6,"HOOD":1.83,"HOOG":0.6,"TETH":0.6,"COIA":0.6,"ETHD":0.6,"HOOZ":0.6,"BTCZ":0.6,"CBXY":0.6,"BTCO":0.6,"SETH":0.6,"IBIT":0.6,"COIO":0.6,"EZBC":0.6,"XBTY":0.6,"EETH":0.6,"CBTO":0.6,"ETHV":0.6,"ETQ":0.6,"BTFX":0.6,"BITB":0.6,"CBTJ":0.6,"ARKB":0.6,"BITO":0.6,"BPAY":0.6,"BTCC":0.6,"CBOY":0.6,"CBTA":0.6,"CBXA":0.6,"BFAP":0.6,"COIW":0.6,"BITY":0.6,"FIAT":0.6,"FBTC":0.6,"BTRN":0.6,"IBLC":0.6,"BETH":0.6,"CBXO":0.6,"CRPT":0.6,"BITX":0.6,"CBOJ":0.6,"ROBN":0.6,"BTCL":0.6,"BTF":0.6,"CBTY":0.6,"HODL":0.6,"ICOI":0.6,"ESK":0.6,"BPI":0.6,"IAI":0.6,"HOOX":0.6,"BKCH":0.6,"BFJL":0.6,"ETCO":0.6,"MNRS":0.6,"ETHT":0.6,"CBXJ":0.6,"DAPP":0.6,"COII":0.6,"CONX":0.6,"CBOO":0.6,"BITQ":0.6,"FDIG":0.6,"HOOI":0.6,"BCCC":0.6,"GBTC":0.6,"BTCI":0.6,"BAGY":0.6,"BITU":0.6,"ETHA":0.6,"BITI":0.6,"ETHI":0.6,"QBF":0.6,"BETE":0.6,"QETH":0.6,"COIN":1.84,"ETH":1.84,"EZET":0.6,"HOII":0.6,"DEFI":0.6,"HOYY":0.6,"HOOY":0.6,"FETH":0.6,"CONL":0.6,"ETU":0.6,"SBIT":0.6,"HOOW":0.6,"BRRR":0.6,"MAXI":0.6,"HODU":0.6,"CONY":0.6,"BLCK":0.6,"COYY":0.6,"BTCW":0.6,"FINX":0.6},"content_text":"Bitcoin surged to its highest level since June on Thursday after President Donald Trump urged Congress to pass cryptocurrency legislation, while other digital assets were also rallying. \n\n\n     Bitcoin was up 11% to $71,732 over the past 24 hours, according to data from CoinDesk. Ethereum jumped 19% and XRP rose 15% over the same period. \n\n\n     The Hyperliquid token jumped 26% after Trump said that Commodity Futures Trading Commission Chairman Mike Selig was working to bring the decentralized crypto exchange also called Hyperliquid to the U.S. \n\n\n     The moves higher came after Trump, regulators, and executives made the case for Congress to pass the so-called Clarity Act, which would place Bitcoin and other cryptos under commodity regulations instead of securities laws. \n\n\n     The bill faces a procedural vote on Sept. 15. \n\n\nCoinbase CEO Brian Armstrong, Intercontinental Exchange CEO Jeffrey Sprecher, Ripple CEO Brad Garlinghouse, and Robinhood Markets CEO Vlad Tenev were among the execs that met Trump at the White House. \n\n\n     It wasn't just the president that was boosting cryptos. The Treasury on Wednesday said it would at least double the size of its longer-term bond buybacks, which put a stop to yields' recent run higher. \n\n\n     Lower borrowing costs tend to boost cryptos because they make bonds and other interest-bearing assets less appealing and add liquidity to the market.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}