Bitcoin extended its rebound on Friday, climbing to levels last seen in late May after U.S. President Donald Trump renewed calls for clearer cryptocurrency regulation.
The broader crypto market also benefited from improving risk sentiment after the U.S. Treasury announced plans to double its bond buybacks in an effort to ease pressure from rising yields.
Bitcoin jumped 8.1% to $74,772.60, briefly reaching an intraday high of $75,591.60.
Bitcoin Heads for Best Week Since 2024
Bitcoin was on track to gain nearly 19% for the week, marking its strongest weekly performance since February 2024.
The rally also pushed BTC out of the broad $60,000 to $70,000 trading range that had dominated much of 2026.
The breakout has strengthened bullish sentiment across the cryptocurrency market and brought the psychologically important $75,000 level back into focus.
Trump Calls for Clear U.S. Crypto Regulation
A major catalyst came from Trump’s comments during a White House crypto summit earlier in the week.
The president urged Congress to advance the Clarity Act, legislation designed to establish a clearer regulatory framework for the U.S. cryptocurrency industry.
Investors have closely followed the bill because regulatory uncertainty has remained one of the biggest issues facing crypto companies operating in the United States.
However, the timing of any final approval remains uncertain.
The Clarity Act has faced delays in Congress as lawmakers continue to disagree over how different cryptocurrencies should be classified and how yields generated by stablecoins should be treated.
Treasury Buybacks Support Risk Appetite
Bitcoin also received support from developments in the U.S. bond market.
The Treasury Department announced plans to double its bond-buyback operations in response to rising long-term yields.
The move helped improve sentiment toward risk assets, supporting cryptocurrencies alongside other markets.
Lower bond yields can make alternative assets more attractive, while easier financial conditions often provide additional support for speculative investments such as Bitcoin.
Crypto Stocks Rally Alongside Bitcoin
Crypto-related stocks also climbed as Bitcoin extended its rebound.
Strategy, one of the largest corporate holders of Bitcoin, surged 7.8% on Thursday.
Stablecoin issuer Circle Internet Group gained 6.5%, while Coinbase Global advanced 7.9%.
Bullish rose 5.7%, while Bitcoin miners also posted strong gains. MARA Holdings rallied 15.5%, and Riot Platforms climbed 8.3%.
The broad-based advance showed that improving Bitcoin sentiment was spreading across publicly traded crypto companies.
Metaplanet Surges in Asian Trading
The rally continued into Asian markets on Friday.
Japanese company Metaplanet, which has increasingly adopted Bitcoin as part of its treasury strategy, surged more than 20%.
The company currently holds more than 40,000 Bitcoin, making it one of the most prominent publicly traded corporate BTC holders outside the United States.
Bitcoin ETF Inflows Approach $1 Billion
Improving sentiment was also reflected in U.S.-listed spot Bitcoin exchange-traded funds.
According to SoSoValue data, spot Bitcoin ETFs attracted around $1 billion in net inflows this week.
That represented their strongest weekly inflow since January.
Stronger ETF demand can provide additional support for Bitcoin by increasing institutional and investor exposure through regulated financial products.
Bitcoin Outlook Remains Focused on $75,000
Bitcoin’s move toward $75,000 has strengthened short-term momentum after months of relatively range-bound trading.
Further gains could depend on whether BTC can remain above its recent breakout zone and whether regulatory optimism continues to support investor sentiment.
Markets will also remain focused on progress surrounding the Clarity Act, Treasury policy, bond yields and spot Bitcoin ETF flows.
For now, the combination of improving U.S. crypto regulatory hopes, stronger ETF inflows and broader risk appetite has helped Bitcoin deliver its strongest weekly advance in more than two years.
