Bitcoin, Ethereum, XRP, Dogecoin Jump After Crypto Act Passes Key Senate Vote: Analyst Says BTC ‘Positioned’ For A Rebound Toward $86,000
Leading cryptocurrencies were up in the green on Thursday after the Clarity Act passed the Senate Banking Committee on a bipartisan vote.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:05 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.46% | $81,561.50 |
| Ethereum (CRYPTO: ETH) |
+1.18% | $2,293.12 |
| XRP (CRYPTO: XRP) | +4.49% | $1.49 |
| Solana (CRYPTO: SOL) | +1.33% | $92.42 |
| Dogecoin (CRYPTO: DOGE) | +2.10% | $0.1167 |
Crypto Market Pops
Bitcoin hit $82,000 in the afternoon, then stalled and moved sideways. The trading volume soared 27% in the 24-hour period. Ethereum re-entered the $2,300 region, while XRP and Dogecoin also traded in the green.
Cryptocurrency-related stocks rallied, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 5.02% and 3.87%, respectively.
These moves come after the Clarity Act cleared the Senate Banking Committee vote, moving to a full vote on the Senate floor.
Over $250 million was liquidated in the past 24 hours, predominantly in short positions, according to Coinglass data.
Bitcoin’s open interest popped 2.21% over the last 24 hours. However, sentiment in the derivatives market turned negative, with retail and whale traders on Binance positioning for price declines.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:05 p.m. EDT) |
| Tac Protocol (TAC) | +35.83% | $0.02326 |
| Yooldo (ESPORTS) | +25.46% | $0.7072 |
| Billions Network (BILL) | +16.74% | $0.2217 |
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