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Woofun AI reports that a synchronized rally in digital assets was triggered by macroeconomic liquidity injections and political advocacy, with Ether and Bitcoin leading the charge alongside executive endorsements from Coinbase, Gemini, Ripple, and Chainlink Labs at a White House event where President Donald Trump urged Congress to advance the Digital Asset Market Clarity Act.
Price action accelerated during Asian morning hours Thursday, as Ether surged 18% over 24 hours to just above $2,250, doubling Bitcoin's momentum and securing a weekly gain of 20%. Bitcoin traded just above $69,100, up 8% daily and 9% weekly, after touching $69,900 overnight; this represents a $5,700 swing from Wednesday's low of $64,100.
Hyperliquid's HYPE emerged as the top performer, rising 19% to near $70 and gaining 24% weekly, while Solana climbed 10% to $84.50 and 12% over seven days. XRP climbed 10% to $1.09, recovering the dollar level it lost on Tuesday for the first time since 2024, and is now up almost 10% on the week. Dogecoin added almost 8% to just under 7.5 cents. Conversely, BNB lagged with a 3.5% rise to $626 and a mere 2% weekly gain, while Tron remained flat at 33 cents, marking the only major decline.
The catalyst originated Wednesday when Treasury Secretary Scott Bessent doubled bond buyback operations, signaling support for the $30 trillion-plus Treasury market. Bitcoin rose 6% in the U.S. session as $1.4 billion in short positions were liquidated within four hours.
Woofun AI data shows the 30-year U.S. yield fell a basis point to 5.18% after sliding nine points, while the 10-year dropped to 4.63%; a Bloomberg index of Treasuries maturing in 20 years or more jumped 1.7%, its largest gain since February 2025, mirroring rises in Japanese, Australian, and New Zealand bonds.
This marks the third such incident this year where political rhetoric directly correlates with asset volatility. The rapid 18% daily climb for Ether from levels unbroken for weeks suggests a liquidity-driven headline rather than Ethereum-specific fundamentals, raising the risk that the asset may give back some of its gains if it fails to hold above $2,200.