Bitcoin Posts Biggest Gain Since March as U.S. Crypto-Friendly Policy Hopes Fuel Rally

BitcoinWorld Bitcoin Posts Biggest Gain Since March as U.S. Crypto-Friendly Policy Hopes Fuel Rally Bitcoin surged nearly 8% on [Date], marking its largest daily gain since March, as investor sentiment improved on expectations of more crypto-friendly U.S.

policies and expanded Treasury liquidity measures. The rally pushed the world’s largest cryptocurrency to $69,500, its highest level since early June, according to data compiled by Bloomberg.

Short Squeeze Amplifies Rally The sharp upward move triggered a short squeeze, leading to the biggest liquidation of short positions since 2021. In a single hour, more than $1 billion in short positions were liquidated, according to Bloomberg data.

This forced buying accelerated the price advance, with Bitcoin briefly touching the $69,500 mark before consolidating. Ethereum also posted strong gains, rising as much as 12%, while crypto-related stocks such as Coinbase (COIN) and Strategy (MSTR) saw notable increases.