Bitcoin Tops $96,000; Ethereum, XRP, Dogecoin Rally On Crypto Bill Progress: Analyst Says 'Dips Are For Buying' As $100,000 Comes In Focus For BTC - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

Core Insights - Leading cryptocurrencies experienced significant gains as the Senate prepares to markup a key bill aimed at regulating the cryptocurrency market [1][3] Cryptocurrency Market Performance - Bitcoin surged by 4.43% to $95,374.58, marking its first rise above $96,000 in nearly two months, with a trading volume increase of 45% over the last 24 hours [2] - Ethereum reached a two-month high of $3,350, while XRP and Dogecoin also saw notable increases [3] - The global cryptocurrency market capitalization rose to $3.25 trillion, reflecting a 4.67% increase over the last 24 hours [6] Market Sentiment and Trading Activity - The Crypto Fear & Greed Index indicated a shift in market sentiment from "Fear" to "Neutral" [5] - Approximately $680 million was liquidated from the cryptocurrency market in the last 24 hours, with $592 million in bearish shorts eliminated [4] - Bitcoin's open interest increased by 6.65%, with over 50% of derivatives traders placing long bets on Bitcoin [4] Analyst Predictions - Analysts predict a potential bull market for Bitcoin, with projections suggesting it could reach $100,000 in the coming week [10] - Another analyst indicated that if Bitcoin crosses $94,555, a target of $105,921 could be in play [10]