Crypto markets are rallying on Tuesday as the Bitcoin Act of 2025 is introduced in the House, proposing the acquisition of one million BTC over five years with a 20-year lockup.
Cryptocurrency | Price |
|
Bitcoin (CRYPTO: $Bitcoin (BTC.CC)$) | $82,985.45 | +5.4% |
Ethereum (CRYPTO: $Ethereum (ETH.CC)$) | $1,951.21 | +4.6% |
Solana (CRYPTO: $Solana (SOL.CC)$) | $127.73 | +6.6% |
XRP (CRYPTO: $XRP (XRP.CC)$) | $2.19 | +6.4% |
Dogecoin (CRYPTO: $Dogecoin (DOGE.CC)$) | $0.1680 | +7.1% |
Shiba Inu (CRYPTO: SHIB) | $0.00001225 | +4% |
Notable Statistics:
IntoTheBlock data shows large transaction volume increasing by 49.4% and daily active addresses growing by 19.9%. Transactions greater than $100,000 are up from 7,649 to 11,844 in a single day. Exchanges netflows are up by 368%.
Coinglass data reports 194,245 traders were liquidated in the past 24 hours for $616.48 million.
Notable Developments:
XRP's RLUSD Stablecoin Has Only 0.7% Market Share: What Is Going On?
PrimeXBT Merges Crypto and Traditional Markets with MT5 Integration
Marjorie Taylor Greene Buys More Bitcoin ETF Shares Ahead Of Trump's Strategic Reserve Executive Order
Gary Gensler's SEC Rules Targeted As Managed Funds Association Urges Rollbacks Under Trump-Picked Leadership
Litecoin Foundation announced SEC has filed a 45 day extension to approve the launch of a spot Litecoin ETF and other altcoin ETFs.
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Kaspa (CRYPTO: KAS) | $0.07162 | +21.4% |
Bittensor (CRYPTO: TAO) | $266.72 | +18.6% |
Celestia (CRYPTO: TIA) | $3.19 | +12.5% |
Trader Notes: Trader Javon Marks foresees multiple signs for Bitcoin to reverse back into bull mode.
Michael van de Poppe emphasized that BTC has not broken crucial levels yet and the next test is the massive one. "If $82.5-83.5K breaks, probably we'll see $88-92K in a swift move," he added.
Rekt Capital notes BTC has been in a seller-dominated market for two weeks, but declining seller volume could lead to exhaustion soon.
CryptoQuant warns that while BTC's 22% drawdown is common in bull markets, valuation metrics indicate a deeper correction than usual, making this cycle different from 2016-17.
