Bitcoin has surged back to $82,000 after a recent dip, triggering gains in several major cryptocurrencies including Ether, XRP, and Cardano. This rally coincided with U.S. Senator Cynthia Lummis reintroducing the BITCOIN Act, which aims for the government to purchase 1 million bitcoins as a strategic reserve. The U.S. Securities and Exchange Commission (SEC) has delayed decisions on ETF filings for XRP, Dogecoin, and Litecoin, which has left the market apprehensive. Previously, the odds for ETF approvals were estimated at 90% for Litecoin, 75% for Dogecoin, and 65% for XRP by year-end. Market analysts indicate that a pullback to the $70-$74k range remains likely, influenced by the traditional financial market's notable impact on crypto. Lummis’s bill, which suggests annual allocations from reserve banks to build the bitcoin reserve, has also prompted speculation about potential inclusion of other altcoins in future acquisitions.

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