Bitcoin, XRP, Dogecoin recover after new bill on strategic reserve

· Bitcoin jumped 7.69% to $82,733.64 after the introduction of a new bill on reserves.

· XRP and Dogecoin also recovered, showing significant growth.

· Analysts suggest that Bitcoin could rise to $92,000 if it overcomes a key resistance zone.

Bitcoin and other major cryptocurrencies surged after the U.S. House of Representatives introduced a bill on the strategic reserve of bitcoins. The bill, known as the Bitcoin Reserve Act of 2025, was introduced by Representative Nick Begich (R-AK) with the aim of creating a reserve without funding.

Notably, Senator Cynthia Lummis also reintroduced the "Bitcoin Bill" on Tuesday, which now has more co-sponsors in the Senate than before.

After the news, Bitcoin jumped 7.69% to $82,733.64, briefly surpassing the $83,000 mark. It is now trading at $82,36, which is 2.5% higher than the previous day. The announcement also raised Bitcoin's dominance in the market to 61.3%, the highest level in a year.

Meanwhile, XRP rose 5.57% to $1,970.35, bouncing back from a level below $1,800.