Crypto comeback? Bitcoin, ethereum are headed for their best day in months as investors flock to hard assets

Bitcoin and ethereum rallied Thursday after a bond-market shakeup and fresh optimism that a U.S. crypto bill—framed as a “fair version of the Clarity Act”—could finally move forward. Bitcoin rose 4.8% to $71,693, which would be its highest end-of-day level since May 31 if it holds. Ethereum climbed 2.7% to $2,275.07, its best day since May 14. Traders pointed to the U.S. Treasury doubling the scale of its buyback program, seen as easing long-term yield pressure and boosting liquidity expectations. President Donald Trump also said he’d listen to proposals about accumulating bitcoin reserves.