SEC Delays Impact Bitcoin's Surge as Market Eyes $82K Amid Legislative Support
by aria-crypto.com
March 12, 2025 at 09:39
SEC Delays Impact Bitcoin's Surge as Market Eyes $82K Amid Legislative Support
Bitcoin recently surged to $82,000 spurred by SEC's delayed decisions on ETFs for major cryptocurrencies like XRP, Dogecoin, and Litecoin, coupled with legislative moves by Senator Cynthia Lummis. Her re-introduction of the BITCOIN Act, aiming for the U.S. to reserve 1 million bitcoins, has reinstated confidence, driving Bitcoin's price alongside other major tokens like Ether, BNB, XRP, and ADA with up to a 3% increase. Market analysts, however, signal a possible pullback to $74,000 considering the connection with stock market trends and influence of traditional financial entities. The hesitation by the SEC has mirrored broader concerns over crypto market stability and integration with traditional financial markets. Despite the optimism around legislative support for Bitcoin with the BITCOIN Act, global economic uncertainties continue to press on investor sentiment. Speculation about future inclusions of other main tokens like XRP, SOL, and ADA in government reserves keeps the market on alert, reflecting a mix of regulatory and economic influences on Bitcoin's trajectory.
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