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Euronews
Euronews
Quirino Mealha

Bitcoin surges over 25% as shorts get squeezed and Washington leans into crypto

The world's largest cryptocurrency touched an intraday high of $79,500 on Friday, its best level in months, before easing to around $77,700 at the time of writing, leaving it up more than 25% since Monday.

The rally caps one of Bitcoin's most dramatic weeks in years, following a stretch in which the token had lagged well behind its 2025 highs for much of 2026.

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