Bakkt Holdings Inc. shares rose 15.47% to $8.66 on Friday, according to Benzinga Pro data, making BKKT one of the session's strongest performers as crypto-linked equities gained momentum. The broader digital-asset market strengthened after President Donald Trump urged Congress to pass the CLARITY Act and said the CFTC (U.S. derivatives regulator) was working to bring Hyperliquid to the United States. Bitcoin climbed above $78,000, extending its weekly advance beyond 24%, while the Treasury Department's expanded debt repurchase program supported risk-on flows into high-beta growth assets. Bakkt's smaller market capitalization and lower liquidity than mega-cap crypto proxies can amplify its moves during sector rallies. Technically, the stock traded 16.6% above its 20-day SMA (simple moving average) of $7.45, 9.2% above its 50-day SMA of $7.96 and 2.3% above its 100-day SMA of $8.49, but remained 19.4% below its 200-day SMA of $10.79. MACD (a momentum indicator) was above its signal line with a positive histogram, suggesting easing downside pressure. The longer-term trend remains weak because the 20-day average is below the 50-day average and a January death cross remains in place, with the 50-day average below the 200-day average. Traders may watch resistance near $10.00 and support around $7.50, close to the 20-day average, as the recovery attempt develops within a broader downtrend.