0709 GMT - Bitcoin rises slightly, staying below Friday's three-month high but remaining elevated. The recent rally is helped by improving liquidity expectations, lower regulatory risk premium and forced short-covering, where investors close earlier bets against an asset as it strengthens, Zaye Capital Markets analyst Naeem Aslam says in a note. "U.S. Treasury action to increase purchases of longer-dated securities helped pull yields lower and improve risk appetite, while President Trump's renewed push for clearer digital-asset legislation has strengthened expectations that institutional participation could become easier." Bitcoin's next phase depends on whether its move above $77,000 develops into sustained demand, he says. Bitcoin rises 0.1% to $77,472, having reached as high as $79,455 Friday, according to LSEG.