1312 GMT - Bitcoin surges to a three-month high of $79,455 and could be well on the road to further gains, deVere Group CEO Nigel Green says in a note. "The asset had not traded above $70,000 since late May, and it's now cleared that level with real conviction behind it rather than a thin, low-volume bounce," he says. "Investors who spent this year waiting for a cleaner entry point could be watching one unfold in front of them right now." Analysts cite a jump in institutional spot demand and U.S. regulatory momentum as President Trump urges passage of the Clarity Act. "If [the Clarity Act] clears Congress, that removes years of regulatory uncertainty in one move," Green says.
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