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Crypto

Bitcoin breaks above $72,500 mark, boosting hopes of return to bull market

Bitcoin climbed above $72,500, hitting its highest level in 11 weeks. It rose more than 4 percent on the day after retesting $71,000 and reaching around $72,800. The move came as renewed U.S.-Iran tensions affected markets, with U.S. stocks opening lower and oil prices jumping. Some analysts said it is still uncertain whether the rebound marks a return to a bull market, while on-chain indicators showed modest demand improvement.

Crypto

White House engages industry as Clarity Act wavers and crypto market splits

The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.

Crypto

Scaramucci says bitcoin could return to $100,000 by end-2027

SkyBridge Capital founder and former White House communications director Anthony Scaramucci said bitcoin could rise above $100,000 again, though it may take up to about 18 months for the setup to form. He described the market as clearly in a bitcoin bear market and said volatility has been unusually tight for about nine weeks. He cited miners shifting computing to AI, money moving into AI stocks and bitcoin’s four-year cycle.