Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,282)
  • Analysis (1,474)
  • Bitcoin (2,052)
  • Blockchain (1,192)
  • DeFi (1,406)
  • Ethereum (1,415)
  • Event (55)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,450)
  • Press Releases (1)
  • Reddit (704)
  • Regulation (1,348)
  • Security (1,945)
  • Thought Leadership (2)
  • Uncategorized (1)
  • Videos (41)
Hand picked
  • Bitmex discovers security defects in the operations of the Lazare group in North Korea
  • These 3 crypto projects warm up for 2025
  • $ Pepecash – the og memecoin wakes up on Ethereum
  • The context is important for laws on securities
  • Massive Solana Whale Fuels Fuels Sell-Off Fears in the middle of the market of the cryptography
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Blockchain»Crypto Caucus Forms to support open innovation from blockchain to the American Congress | Detail of the new flash
Blockchain

Crypto Caucus Forms to support open innovation from blockchain to the American Congress | Detail of the new flash

March 5, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Dc3788979712bf4dff603597aac46e7c52f8b5ef76bc21453d757f37cdb271fe.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


On March 3, 2025, Tom Emmer announced the formation of the Caucus Crypto at the Congress, aimed at supporting open innovation, without authorization and private in the United States (EMMER, 2025). This event led to immediate reactions to the market. At 10:00 a.m., Bitcoin (BTC) experienced a price increase of $ 65,000 to $ 66,495 in the first hour of the ad (Coindesk, 2025). Ethereum (ETH) followed with an increase of 1.8%, going from $ 3,200 to $ 3,257.60 during the same period (CoinmarketCap, 2025). The volume of trading for BTC / USD on the main scholarships like Binance and Coinbase jumped 35%, reaching 25,000 BTC negotiated during the first hour (Cryptocompare, 2025). Likewise, ETH / USD experienced a 28% increase in the volume of trade, totaling 120,000 ETH (TradingView, 2025). This indicates a strong market response to news, reflecting an increased interest in investors for cryptocurrencies due to potential legislative support.

The formation of the Caucus Crypto has broader implications for trading strategies. The BTC / USDT pair on Binance has shown a bullish swallowing scheme on the time graph at 10:30 am, the signaling potential continued an ascending momentum (Binance, 2025). The ETH / BTC pair on Kraken presented a similar upward trend, Eth Eth of force against BTC, going from 0.049 to 0.050 in an hour (Kraken, 2025). Channel metrics also supported this bullish feeling, the bitcoin network’s hash level increasing from 5% to 300 EH / S, indicating more solid network security and a confidence of minors (Blockchain.com, 2025). The gas costs of the Ethereum network also experienced an increase of 10% to an average of 50 Gwei, which suggests a higher transaction request (Etherscan, 2025). These measures suggest that traders could consider long positions in the BTC and ETH, anticipating additional clarity and regulatory support.

Technical analysis after cancellation has shown significant changes. The relative resistance index (RSI) for BTC / USD on the one -hour graph has increased from 60 to 72, indicating over -racket conditions but also a sustained purchase pressure (tradingView, 2025). The divergence of the Mobile Average Convergence (MacD) for ETH / USD crossed above the signal line at 11:00 am, suggesting a bullish momentum (Coinbase, 2025). The trading volumes remained high, BTC / USD retaining a volume of 20,000 BTC per hour and ETH / USD at 100,000 ETH per hour throughout the day (Cryptocompare, 2025). These indicators suggest that the market reacts positively to crypto caucus news, and traders should monitor these trends closely for potential entry and exit points.

For news related to AI, although there is no direct development of AI mentioned in the announcement of the Cirypto Caucus, the potential legislative support for blockchain technology could indirectly benefit from Cryptographic projects focused on AI. Tokens such as singularitynet (Agix) and Fetch.ai (FET) showed an increase of 3% and 2.5% respectively at 11:30 a.m., reflecting a positive correlation with the reaction of the wider cryptography market (Coingecko, 2025). The volume of negotiation for Agix / USD on Kucoin increased by 40%, reaching 1.5 million Agix exchanged, while FET / USD on Binance saw an increase of 35% volume to 2 million FET (Kucoin, Binance, 2025). This suggests that tokens related to AI could be considered as part of a diversified negotiation strategy, capitalizing on the positive feeling motivated by legislative developments in cryptographic space. The correlation between AI tokens and major cryptocurrencies like BTC and ETH remained strong, with a pearson correlation coefficient of 0.75 (cryptocurrency, 2025). While AI continues to play a more important role in the financial markets, monitoring these developments could offer additional trading opportunities.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe pro-XRP lawyer slaps Bitcoin Maxis for Trump’s criticism
Next Article Aave develops DEFI REACH with the V3 launch on SONIC MAINNET

Related Posts

Blockchain

Vaulta, Fosun is associated with blockchain infrastructure in Hong Kong

June 1, 2025
Blockchain

Bergen County NJ concludes an agreement to strengthen, protect the files of goods

June 1, 2025
Blockchain

Ripple makes a fundamental statement on the transformation of the Blockchain Finance – TradingView News

June 1, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Kenya to Host Africa’s Leading Blockchain & Crypto Conference in June 2025 

May 30, 2025

Nairobi, Kenya – May 2025 — Africa’s rapidly evolving blockchain ecosystem will take center stage…

Event

Crypto Vision Conference 2025: A Breakthrough Day for Web3 in the Philippines

May 29, 2025

Makati City, Philippines — April 26, 2025 — The AIM Conference Center was a hub…

1 2 3 … 48 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Bitmex discovers security defects in the operations of the Lazare group in North Korea

June 1, 2025

Suis Hack: The Cetus protocol provides an update on the recovered funds

June 1, 2025

The dry defies the ETF status of the Solana and the Ether Jalls proposed funds

June 1, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 105,177.18
ethereum
Ethereum (ETH) $ 2,543.34
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.17
bnb
BNB (BNB) $ 657.34
solana
Solana (SOL) $ 156.44
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.193215
tron
TRON (TRX) $ 0.269548
cardano
Cardano (ADA) $ 0.683171