{"id":49758,"date":"2026-08-20T13:40:27","date_gmt":"2026-08-20T13:40:27","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49758"},"modified":"2026-08-20T13:40:27","modified_gmt":"2026-08-20T13:40:27","slug":"bitcoin-rockets-past-72000-after-trump-pushes-for-clarity-act","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49758","title":{"rendered":"Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nBitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0<\/a><\/p>\n

<\/div>\n

Bitcoin\u2019s price surged further on Thursday, blowing past $72,000 the day after President Trump held a meeting with crypto executives and urged lawmakers to get the long-awaited Clarity Act over the line.\u00a0<\/p>\n

The leading cryptocurrency was trading<\/a> for $71,758 at 8am in New York, after jumping nearly 12% over a 24-hour period. It touched as high as $72,344 earlier in the day.\u00a0<\/p>\n

Bitcoin was last trading this high at the beginning of June. The coin has spent most of July and August priced under $65,000.\u00a0<\/p>\n

\n
\n
\n

JUST IN: $72,066 Bitcoin! \"\ud83d\ude80\" pic.twitter.com\/g06u7ntlJR<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) August 20, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The surge comes after President Trump held a meeting at the White House with crypto bigwigs, including Kraken and Coinbase CEOs, where he said<\/a> that getting the Clarity Act over the line would keep the U.S. ahead of China.\u00a0\u00a0<\/p>\n

\u201cNow we need Congress to take the next step by passing the Clarity Act \u2014 a fair version of the Clarity Act \u2014 and this landmark structure legislation,\u201d he said at a Wednesday press conference, and even hinted that the U.S. may be open to accumulating bitcoin.\u00a0<\/p>\n

\u201cIt\u2019s taken a lot of pressure off the dollar, it\u2019s been very, very good for the dollar, and I think if [regulators] came in with recommendations, I would certainly listen,\u201d Trump added when asked about adding to the Strategic Bitcoin Reserve.\u00a0<\/p>\n

A number of lawmakers were hoping to vote on the Clarity Act in August but after a delay<\/a>, a vote will now go ahead in September.\u00a0<\/p>\n

The bill will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins \u2014 legislation that the crypto industry has long called for.\u00a0<\/p>\n

Bitcoin\u2019s price has also benefited from the Treasury Department announcing<\/a> on Wednesday that it would more than double the size of its government debt repurchases.\u00a0<\/p>\n

Lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment. Both soared as the dollar weakened following the announcement.\u00a0<\/p>\n

Bitcoin\u2019s price has suffered in 2026 despite notching a new all-time high of $126,080 in October. Geopolitical headwinds, including the U.S.-Iran war, rising oil prices and a Federal Reserve reluctant to lower interest rates have all weighed on the coin\u2019s price.\u00a0<\/p>\n

This post Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0 Bitcoin\u2019s price surged further on Thursday, blowing past $72,000 the day after President Trump held a meeting with crypto executives and urged lawmakers to get the long-awaited Clarity Act over the line.\u00a0 The leading cryptocurrency was trading for $71,758 at 8am in New […]<\/p>\n","protected":false},"author":1,"featured_media":49759,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49758","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49758\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0 Bitcoin\u2019s price surged further on Thursday, blowing past $72,000 the day after President Trump held a meeting with crypto executives and urged lawmakers to get the long-awaited Clarity Act over the line.\u00a0 The leading cryptocurrency was trading for $71,758 at 8am in New […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=49758\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-20T13:40:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/08\/Bitcoin-Rockets-Past-72000-After-Trump-Pushes-For-Clarity-Act.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49758#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49758\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0\",\"datePublished\":\"2026-08-20T13:40:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49758\"},\"wordCount\":417,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49758#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Rockets-Past-72000-After-Trump-Pushes-For-Clarity-Act-J4jHd7.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49758\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49758\",\"name\":\"Bitcoin Rockets Past $72,000 After Trump Pushes For Clarity Act\u00a0 - 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