BTC Climbs to $82K in Relief Rally; SEC Pushes Back XRP, DOGE, and Litecoin ETF Filings

Bitcoin Bounces to $82K as Senator Lummis Pushes U.S. to Accumulate 1 Million BTC

Bitcoin (BTC) rebounded to nearly $82,000 after slipping below $78,000 over the weekend, sparking a modest recovery across the crypto market. Leading altcoins Ethereum (ETH), BNB (BNB), XRP, and Cardano (ADA) gained up to 3%, while the broader CoinDesk 20 Index (CD20) advanced nearly 4%.

Meanwhile, the SEC has postponed its decisions on spot XRP, Dogecoin (DOGE), and Litecoin (LTC) ETFs, leaving investors uncertain about the timeline for potential approvals. Analysts had previously estimated 90% approval odds for LTC, 75% for DOGE, and 65% for XRP, but the latest delay has cast doubt on those projections.

Despite the market bounce, some traders anticipate another leg down before a sustainable rally.

“A correction to the $70K-$74K zone still seems likely,” said Alex Kuptsikevich, chief market analyst at FxPro.

“While previous cycles saw strong recoveries after similar dips, the growing role of traditional financial institutions has made Bitcoin more sensitive to macroeconomic factors. The recent rebound has also reduced short-term oversold conditions.”

U.S. Bitcoin Reserve Proposal Gains Attention

The market’s recovery was further fueled by Senator Cynthia Lummis reintroducing the BITCOIN Act, which proposes that the U.S. government purchase 1 million BTC as part of a national strategic reserve. The bill outlines a plan to accumulate Bitcoin over five years, with $6 billion allocated annually from Federal Reserve remittances between 2025 and 2029.

The move has reignited speculation that altcoins could eventually be included in the reserve strategy.

“XRP, Solana (SOL), and ADA saw stronger-than-expected moves after the BITCOIN Act was reintroduced,” said Nick Ruck, director at LVRG Research.

“Some investors believe that select alternative assets could be added to the government’s holdings down the line.”

With BTC still facing resistance and regulatory uncertainty lingering, traders are closely watching for the next big catalyst.