Bitcoin rose 22% over a week after Treasury yields declined following a Treasury intervention in the bond market, with the move later intensified by a short squeeze (rapid buying after bearish bets are liquidated). CoinGlass recorded $2.7 billion in crypto short-position liquidations. The rally unfolded alongside debate over the United States' $39.2 trillion national debt and the Digital Asset Market CLARITY Act, which would divide oversight between the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator). Galaxy Research put the bill's chances of becoming law in 2026 at 60% to 75%, but unresolved ethics provisions, differences between House and Senate versions, and the Senate's 60-vote cloture threshold remain obstacles. Bitcoin briefly moved above $80,000 and was trading around that level, while $80,000 to $82,000 remained a key resistance zone.