BTC Surges to $82K as SEC Extends Review Period for XRP, DOGE, and Litecoin ETFs

Bitcoin Rallies to $82K as U.S. Lawmakers Push for BTC Reserves

Bitcoin (BTC) surged back to $82,000, rebounding from a weekend dip below $78,000, as bullish sentiment returned to the crypto market. Major altcoins followed suit, with Ethereum (ETH), Binance Coin (BNB), XRP, and Cardano (ADA) posting gains of up to 3%, while the CoinDesk 20 Index (CD20) climbed nearly 4%.

Meanwhile, uncertainty looms as the U.S. Securities and Exchange Commission (SEC) once again delayed its decision on proposed XRP, Dogecoin (DOGE), and Litecoin (LTC) ETFs. Bloomberg analysts had placed approval odds at 90% for LTC, 75% for DOGE, and 65% for XRP, but the SEC’s hesitation has left the market in limbo.

Despite Bitcoin’s rebound, analysts caution that a deeper correction could still be on the table.

“The market remains at risk of a retest toward $74K or even $70K before a sustainable move higher,” said Alex Kuptsikevich, chief market analyst at FxPro.

“Crypto is now deeply intertwined with traditional finance, and recent consolidation has neutralized the short-term oversold conditions that typically fuel quick reversals.”

U.S. Government Eyes 1 Million BTC Strategic Reserve

Bitcoin’s recovery was further fueled by Senator Cynthia Lummis’ renewed push for the BITCOIN Act, which proposes that the U.S. accumulate 1 million BTC over five years as part of a national strategic reserve. Under the plan, the Federal Reserve would set aside $6 billion annually from 2025 to 2029 to fund the purchases, mirroring the government’s approach to gold reserves.

The move has sparked speculation about potential altcoin adoption in future government holdings.

“Bitcoin’s rally was amplified by speculation that the U.S. could eventually expand its strategic crypto reserves beyond BTC,” said Nick Ruck, director at LVRG Research.

“Altcoins like XRP, SOL, and ADA saw outsized gains as traders bet that certain high-profile tokens could be included down the line.”

With Bitcoin hovering near $82K and key regulatory decisions still pending, market participants remain on edge, watching for the next major move.

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