“This price reaction isn’t about the US Clarity Act, which many in the market are pointing to,” commented Matthew Sigel, head of digital assets research at VanEck, regarding the latest surge in the primary cryptocurrency. In his view, the main driver stems from the actions of the US Treasury, which have reignited fears of fiscal dominance.

Bitcoin climbed past seventy-five thousand seven hundred forty dollars during Asian trading on Friday, gaining nearly twenty percent over the course of the week. The rally was catalyzed by US Treasury Secretary Scott Bessent’s announcement of plans to double the size of long-term bond buybacks to curb yield increases.

Investor optimism was further bolstered by President Donald Trump’s meeting with crypto industry leaders, including executives from Coinbase and Payward, where he urged the Senate to pass a crypto market structure bill. However, analysts emphasize that the easing of US Treasury policy remains the primary market driver.