Today, cryptocurrencies, which are seen as indicators of market risk appetite, continue to rise. Among them, Bitcoin surged more than 11%, and the price broke through the 70,000 US dollar mark, a new high since June 2; in addition, Ethereum rose more than 19%, HYPE rose more than 25%, and XRP and Solana rose more than 13%. According to CoinGlass statistics, in the last 24 hours, more than 180,000 people around the world have closed their positions, and the total amount of liquidated positions has exceeded 3 billion US dollars. Among them, Super 9 became empty orders and liquidated positions. According to the news, US President Trump is urging Congress to pass a bill that is expected to benefit the crypto industry — the “Digital Asset Market Clarity Act.” Furthermore, the US Treasury announced a significant increase in the repurchase scale of 20-year and 30-year bonds, driving a significant decline in yield and increasing the appeal of high-risk assets such as Bitcoin.

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