Bitcoin, Ethereum, Dogecoin Recover On Strategic Reserve Bill In Congress: Top Analyst Foresees BTC’s ‘Swift Move’ To $88,000-$92,000 If This Happens
Leading cryptocurrencies bounced back Tuesday after a Strategic Bitcoin Reserve bill was tabled in the House of Representatives.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +7.69% | $82,733.64 |
| Ethereum (CRYPTO: ETH) |
+5.57% | $1,910.35 |
| Dogecoin (CRYPTO: DOGE) | +10.04% | $0.1652 |
What Happened: Bitcoin topped $83,000 in the late afternoon and held on as Rep. Nick Begich (R-AK) introduced the Bitcoin Act of 2025, aiming to fund the President Donald Trump-announced Strategic Bitcoin Reserve without taxpayer funding.
The positive sentiment rubbed off on the rest of the market as Ethereum rose above $1,950, a day after plunging below $1,800.
Meanwhile, Bitcoin’s market dominance hit a yearly high of 61.3%, while Ethereum’s market share fell to 8.6%.
The relief rally hit bearish traders, wiping away $265 million worth of short positions in the last 24 hours.
Bitcoin’s Open Interest jumped 3.37% over the last 24 hours, while the percentage of futures traders positioned long on the apex cryptocurrency rose to 51%.
The Crypto Fear and Greed Index sentiment moved from the “Extreme Fear” to the “Fear” zone.
Top Gainers (24-Hours)
| Cryptocurrency | Gains … |
About The Author
