Bitcoin (BTC) returned to almost $ 82,000, organizing a relief rally after immersing itself below $ 78,000 on Sunday night, which led to a slight race in the main tokens.
Ethher (ETH), BNB of BNB, XRP and Cardano Ada increased to 3%, relieving some losses of the last 7 days. The Code 20 (CD20) of broad base added almost 4%.
In other places, the United States Stock Exchange and Securities Commission (SEC) delays decisions on the presentations of XRP, Dogecoin and Litecoin. Bloomberg analysts had previously set the probabilities of 90%Litecoin, 75%and XRP doge with 65%for an ETF approval.
Merchants still look at a setback at the level of $ 74,000, and below, before an eventual higher thrust.
“Previously, a similar decrease would complete a corrective setback, attracting buyers,” said Alex Kuptsikevich, FXPro Market Chief Analyst, Coindesk in an email.
“However, the possibilities of such a result are now lower than in previous years due to the powerful influence of traditional financial companies, which has strengthened the link between the crypto market and the dynamics of shares. The scenario of a setback to the area of $ 70- $ 74K In the short term of the market, ”added Kuptsikevich.
The profits in BTC occurred when Senator Cynthia Lummis reintroduced the Bitcoin law, pressing for the United States to collect 1 million BTC as a strategic reserve. The bill, which Lummis presented for the first time last year, would lead the government to buy 1 million bitcoins for five years.
The first $ 6 billion in remittances of the reserve banks would be reserved every year between 2025 and 2029 to build the reservation and trust the Fed gold certificates.
Some speculated the possible inclusion of important tokens in such reserve in the future.
“The Altcoins such as XRP, Sol and Ada pumpled more than expected as Senator Pro-Crypto Lummis reintroduced his strategic bill of the Bitcoin Reserve to buy 1 million bitcoins, and it is speculated that the altcoins announced previously COINDESK in a Telegram message.
