Bitcoin Jumps Above $71K as Trump Pushes Congress on Clarity Act | CoinDesk Daily

Bitcoin climbed toward $72,000 on Thursday morning, posting a gain of more than 10% on the day and 13% over the prior week. The move reclaimed two technically significant levels: the short-term holder cost basis near $67,000 and the 200-day moving average around $69,000. Strategy rose nearly 9% in pre-market trading after a 13% gain on Wednesday, and CoinDesk parent company Bullish rose 6% as crypto equities broadly rallied alongside the price move.

President Trump called on Congress to advance the Digital Asset Market Clarity Act at a White House event attended by numerous crypto company CEOs. Trump asked for a fair version of the bill, which remains stalled in the Senate. Chainlink co-founder Sergey Nazarov said Trump pulled executives directly into the Oval Office to gather feedback on the legislation, and that the administration considers passage of the bill very doable. The combination of direct executive engagement and a public push from the president signals a more active White House posture on crypto legislation, though Senate inaction remains the key obstacle.

X is in talks to use stablecoins, including Circle's USDC, to pay creators for their content. SpaceX already uses stablecoins to collect Starlink subscription payments across emerging markets, suggesting the infrastructure for stablecoin-based payments within Elon Musk's broader business network is already operational. X is also phasing out its existing revenue sharing program and replacing it with a new original content rewards program intended to compensate original ideas and reporting rather than engagement volume.