Bitcoin Posts Biggest Week Since 2024 as Trump Pushes Senate on CLARITY Act

Bitcoin gained 22.6% over seven days, its largest advance over any seven-day window since November 2024, after the president told crypto executives at the White House that Congress needs to pass market structure legislation.

Bitcoin rose to its highest level in three months on Friday, capping a three-day rally that lifted every major token and broke a seven-week range, after President Donald Trump pressed the Senate to pass the CLARITY Act at a White House meeting with crypto executives on Wednesday.

The Senate has a date. Cloture on the motion to proceed to H.R. 3633 is scheduled to ripen Tuesday, Sept. 15 at 2:15 p.m., according to the Senate Democratic leadership's floor schedule. The bill needs 60 votes to advance, and traders had pushed the odds of passage into 2027 earlier this month after Majority Leader John Thune skipped an earlier cloture filing. The Securities and Exchange Commission's token offering proposal on Tuesday and the president's remarks a day later put a legislative calendar back into the market.

Bitcoin last changed hands at $76,977, up 6.4% over 24 hours and 22.6% over seven days, after trading between $72,500 and $79,320, CoinGecko data shows. Ether was at $2,420, up 4.2% on the day and 28.8% on the week. XRP added 11.3% to $1.37 and 36.7% over seven days; Solana rose 4.4% to $91.02 and 21.5% on the week; BNB gained 4% to $672. Total crypto market value stood at $2.6 trillion, up 2.2% over 24 hours, on $157.9 billion of volume, with bitcoin dominance at 59.2%.