00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin rose more than 5% Thursday to $72,383,99, its highest level since June 1st,
00:10bringing its two-day gain to 12%, according to CNBC.
00:14The rally began Wednesday as treasury yields fell and was amplified by a short squeeze
00:19that liquidated about $2.7 billion in crypto short positions.
00:24Crypto stocks including Coinbase, Circle, and Strategy also gained.
00:28The White House hosted crypto industry leaders Wednesday
00:31as Trump urged Congress to pass a fair version of the Clarity Act before year end.
00:37The bill faces disagreements over ethics provisions
00:40and a key Senate procedural vote on September 15th.
00:43Failure to advance could end its chances in 2026.
00:47Bitcoin remains about 40% below its October 2025 high of roughly $126,000.
00:54For all things money, visit Benzinga.com.
