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Scott Bessent helps drive Bitcoin's strongest weekly surge in over three years as the administration pushes crypto-friendly legislation

Bitcoin experienced its strongest weekly performance in more than three years, surging approximately 23% to rise from $62,800 to over $77,000. The rally was significantly influenced by Treasury Secretary Scott Bessent, who announced that the Treasury Department would at least double the size of its planned buybacks of longer-term government debt. This maneuver was intended to calm bond markets and lower long-term borrowing costs, which prompted a dollar sell-off and a corresponding jump in the value of gold and bitcoin. Simultaneously, the administration announced a crypto-friendly agenda, with President Trump urging Congress to pass the CLARITY Act to keep the U.S. ahead of China. During a White House conference, President Trump called on regulators to use every tool available to advance the crypto industry. These actions, combined with a $500 million short squeeze, helped bitcoin establish itself as a

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