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Crypto

Bitcoin Reserve Bill Boosts Crypto Markets Amid Fed Rate Hike

Guavy AI Editorial Team
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BTC ETH XRP
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A bill to establish a Strategic Bitcoin Reserve has advanced in the House Committee, prompting a late rally in cryptocurrency markets.

Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP surged after the news, with some assets seeing gains of up to 2.08%.

The move comes as the stock market reacted negatively to the Federal Reserve's rate hike announcement.

Crypto analyst Ali Martinez stated that he is 'not panicking' despite the rate hike and views the Short-Term Holder Realized Price near $71,200 as a potential accumulation zone.

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