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Bitcoin rallies as it clears its 200-day moving average in May

Bitcoin has risen more than 22% over the past seven days, recently trading around $78,915 to above $81,000.

Reported · Written up by our desk · Market Structure

Bitcoin’s momentum has improved after it cleared its 200-day moving average in May, according to commentary from Fairlead Strategies managing partner Katie Stockton shared with CNBC, with the move suggesting a potential breakout could be approaching.

Bitcoin’s rally accelerated after the U.S. Treasury said it would at least double the size of its liquidity-support buyback operations. Bitcoin was up over 22% across a seven-day stretch, and it was recently trading for about $78,915, after trading above $81,000 on Monday.

The article also links the bounce to broader crypto market catalysts, including renewed buying in Bitcoin exchange-traded funds. U.S. investors added nearly $2 billion in inflows, marking the best week for the products since October.

Separately, President Trump met with crypto executives at the White House and indicated progress on the Clarity Act, a bill that lawmakers had been targeting for a vote in August but that is now expected in September. The measure would set a framework to distinguish between digital assets that are securities, commodities, or payment stablecoins, the report says.

Latest closeBitcoin $78,574.32 ▼0.5%

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