00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Leading cryptocurrencies surged on Tuesday as the Senate prepared to mark up a key bill
00:07regulating the crypto market, according to Benzinga. Bitcoin climbed above $96,000 for
00:12the first time in nearly two months as trading volume jumped 45% over 24 hours. Ethereum hit
00:19a two-month high of $3,350, while XRP and Dogecoin also spiked. The rally followed the Senate Banking
00:27Committee's release of a draft market structure bill defining altcoins similarly to Bitcoin
00:31and Ethereum, with markup set for Thursday. Crypto-related stocks rose with strategy and
00:36Coinbase global gaining. Nearly $680 million in crypto positions were liquidated, mostly
00:42bearish shorts. Michael Vandepop said Bitcoin broke above its 21-day moving average, held
00:48it as support, and projected a move toward $100,000 with buying opportunities on pullbacks.
00:53For all things money, visit Benzinga.com.
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