Bitcoin Hits $97,000 Amid Senate Crypto Vote, Iran Developments; Ethereum, XRP, Dogecoin Fall: Analyst Says BTC’s Trend Is ‘Upwards’
Bitcoin rallied, while the stock and oil markets retreated on Wednesday as geopolitical tensions and the upcoming vote on a cryptocurrency bill influenced investors’ decisions.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.23% | $96,617.34 |
| Ethereum (CRYPTO: ETH) |
-0.11% | $3,330.89 |
| XRP (CRYPTO: XRP) | -1.89% | $2.12 |
| Solana (CRYPTO: SOL) | +0.18% | $145.81 |
| Dogecoin (CRYPTO: DOGE) | -1.84% | $0.1455 |
Bitcoin Lifts As Sentiment Turns To ‘Greed’
Bitcoin rallied to a 2-month high of $97,860, extending its gains this year to more than 10%.
The uptick comes ahead of the Senate Banking Committee’s debate and vote on the cryptocurrency market structure bill that aims to lay down a clear regulatory framework for the industry.
Ethereum, on the other hand, took a breather, consolidating around the $3,300 region even though trading volume rose 10% in the last 24 hours. XRP and Dogecoin fell following the uptick on Tuesday.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed up 3.66% and 1.25%, respectively
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