Bitcoin, Ethereum, Dogecoin Rise As Crucial Crypto Bills Sail Through The US House: Analytics Firm Sees 20%-25% Upside For BTC Before Profit-Taking Kicks In
Leading cryptocurrencies rose on Thursday as the House of Representatives passed crucial bills aimed at ending regulatory ambiguity in the industry.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.50% | $119,524.79 |
| Ethereum (CRYPTO: ETH) |
+2.52% | $3,477.42 |
| Dogecoin (CRYPTO: DOGE) | +1.40% | $0.2192 |
What Happened: Bitcoin nearly reclaimed $121,000 in the evening before pulling back to the $119,000 zone. An overnight surge, however, pushed the apex coin back above $120,000, 2.22% short of its record high.
Ethereum also broke past $3,500 to hit an eight-month high, extending a winning run that has returned its holders more than 42% in the past month.
Bitcoin’s dominance fell to 61%, while Ethereum’s market share surged past 11% for the first time since January.
The House passed key cryptocurrency bills, including the GENIUS Act, which now heads to President Donald Trump’s desk, and the CLARITY Act, which will proceed to the Senate.
Meanwhile, cryptocurrency liquidations hit $607 million in the last 24 hours, with bearish …
About The Author
