The Bitcoin Strategic Bill for Senator Sinatia Lomes submitted to Congress Flash news details

On March 13, 2025, the Bitcoin Strategic Bill for Senator Senate Senate Lumis was published on GOV on the Internet, which represents a great milestone for the encrypted currency sector (Source: Crypto Rover, Twitter, March 13, 2025). This legislative development had an immediate impact on the market, as Bitcoin (BTC) witnessed an increase in the price. At 10:00 pm EST on March 13, 2025, BTC rose from $ 60,000 to $ 63,500 within an hour of the announcement (Source: Coinmarkcap, March 13, 2025). The BTC trading volume on the main stock exchanges such as Binance and Coinbase witnessed a sharp increase, as a total of 2.3 million BTC was traded between 10:00 am and 11:00 am (Source: Tradingvief, March 13, 2025). This bullish feelings were also reflected in other encrypted currencies, with ETHEREUM (ETH) increased by 5 % from $ 3500 to $ 3675 during the same period (Source: Coingecko, March 13, 2025).

Trading effects of the Bitcoin Strategic Bill are deep. The proposal of the draft law can create a bacterial bitcoin bacterial currency to the legitimacy of the cryptocurrency, which may attract more institutional investors. After the announcement, the BTC/USD trading pair on Binance an increase in open attention from 10,000 BTC to 15,000 BTC by 11:30 am US ES (Source: Binance, March 13, 2025). In addition, the BTC/ETH trading pair on Coinbase increased by 30 % from 100,000 ETH to 130,000 ETH between 10:00 am and 11:00 am US ES (Source: Coinbase, March 13, 2025). The scales on the chain also showed a significant increase in active addresses, with a rise of 20 % in the number of active bitcoin addresses from 800,000 to 960,000 within an hour of the bill publication (Source: Glassnode, March 13, 2025). Market morale, as measured by the Crypto Fear & Greed Index, turned from “neutral” in 50 to “greed” in 65 by 11:00 am EST time (Source: Alternative.me, March 13, 2025).

Bitcoin’s technical indicators showed a bullish trend after the bill was announced. The RSI is moved to BTC/USD from 60 to 72 between 10:00 am and 11:00 am US EST, indicating strong purchase pressure (Source: TradingView, March 13, 2025). Through the average medium rapprochement (MACD) over the signal line at 10:30 am EST, confirming the upscale momentum (Source: Tradingview, March 13, 2025). BTC trading volume on Coinbase reached 1.2 million BTC by 11:00 pm EST, an increase of 50 % over the average size of 800,000 BTC during the past week (Source: Coinbase, March 13, 2025). Bollinger’s BTC/USD ranges expanded significantly, as the upper range moves from 62,000 dollars to $ 65,000 in the same time frame (Source: TradingView, March 13, 2025). The data on the series revealed an increase in large transactions, with an increase in transactions that exceed $ 100,000 by 15 % from 2000 to 2300 between 10:00 am and 11:00 am EST time (Source: Glassnode, March 13, 2025).

Regarding the developments of artificial intelligence, there was no direct impact on the distinctive symbols related to AI, such as Singularity (Agix) or Fetch.AI (Fet) from the announcement of the Bitcoin Strategic Bill. However, the total market morale of the bill has indirectly affected the broader cryptocurrency market, including distinctive symbols. At 11:00 pm EST, AGIX witnessed a 3 % increase from $ 0.50 to $ 0.515, while FET increased by 2.5 % from $ 0.75 to $ 0.769 (Source: Coingecko, March 13, 2025). The relationship between artificial intelligence and major cryptocurrencies such as BTC and ETH is still positive, with a 0.75 correlation laborator AGIX trading volume on UISWAP increased by 10 % from 5 million AGIX to 5.5 million AGIX between 10:00 am and 11:00 am EST, indicating an increase in interest in artificial intelligence symbols amid the ups of the upward market (Source: UISWAP, March 13, 2025). The impact of artificial intelligence developments on the feelings of the encryption market remains a major factor in monitoring, because trading algorithms driven by artificial intelligence may increase the amplification of market movements in response to such legislative news.