{"id":8219,"date":"2026-08-20T15:16:20","date_gmt":"2026-08-20T15:16:20","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/08\/20\/bitcoin-rockets-past-72000-after-trump-pushes-for-clarity-act\/"},"modified":"2026-08-20T15:16:20","modified_gmt":"2026-08-20T15:16:20","slug":"bitcoin-rockets-past-72000-after-trump-pushes-for-clarity-act","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/08\/20\/bitcoin-rockets-past-72000-after-trump-pushes-for-clarity-act\/","title":{"rendered":"Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0<\/a><\/p>\n

<\/div>\n

Bitcoin\u2019s price surged further on Thursday, blowing past $72,000 the day after President Trump held a meeting with crypto executives and urged lawmakers to get the long-awaited Clarity Act over the line.\u00a0<\/p>\n

The leading cryptocurrency was trading<\/a> for $71,758 at 8am in New York, after jumping nearly 12% over a 24-hour period. It touched as high as $72,344 earlier in the day.\u00a0<\/p>\n

Bitcoin was last trading this high at the beginning of June. The coin has spent most of July and August priced under $65,000.\u00a0<\/p>\n

\n

JUST IN: $72,066 Bitcoin! pic.twitter.com\/g06u7ntlJR<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) August 20, 2026<\/a>\n<\/p><\/div>\n

The surge comes after President Trump held a meeting at the White House with crypto bigwigs, including Kraken and Coinbase CEOs, where he said<\/a> that getting the Clarity Act over the line would keep the U.S. ahead of China.\u00a0\u00a0<\/p>\n

\u201cNow we need Congress to take the next step by passing the Clarity Act \u2014 a fair version of the Clarity Act \u2014 and this landmark structure legislation,\u201d he said at a Wednesday press conference, and even hinted that the U.S. may be open to accumulating bitcoin.\u00a0<\/p>\n

\u201cIt\u2019s taken a lot of pressure off the dollar, it\u2019s been very, very good for the dollar, and I think if [regulators] came in with recommendations, I would certainly listen,\u201d Trump added when asked about adding to the Strategic Bitcoin Reserve.\u00a0<\/p>\n

A number of lawmakers were hoping to vote on the Clarity Act in August but after a delay<\/a>, a vote will now go ahead in September.\u00a0<\/p>\n

The bill will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins \u2014 legislation that the crypto industry has long called for.\u00a0<\/p>\n

Bitcoin\u2019s price has also benefited from the Treasury Department announcing<\/a> on Wednesday that it would more than double the size of its government debt repurchases.\u00a0<\/p>\n

Lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment. Both soared as the dollar weakened following the announcement.\u00a0<\/p>\n

Bitcoin\u2019s price has suffered in 2026 despite notching a new all-time high of $126,080 in October. Geopolitical headwinds, including the U.S.-Iran war, rising oil prices and a Federal Reserve reluctant to lower interest rates have all weighed on the coin\u2019s price.\u00a0<\/p>\n

This post Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0 Bitcoin\u2019s price surged further on Thursday, blowing past $72,000 the day after President Trump held a meeting with crypto executives and urged lawmakers to get the long-awaited Clarity Act over the line.\u00a0 The leading cryptocurrency was trading for $71,758 at 8am in New […]<\/p>\n","protected":false},"author":0,"featured_media":8220,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8219","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=8219"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/8220"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=8219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=8219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=8219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}