Bitcoin nears $87,000, Zcash zooms 10% as U.S. bitcoin reserve bill clears committee
Summary
Zcash led major crypto tokens with a 10% rise to just over $1,616, while Bitcoin gained 1% to about $86,900. XRP rose 6%, and most other large tokens posted smaller gains. Analysts linked the market’s strength to U.S. policy developments: a House committee advanced the American Reserve Modernization Act, which would place roughly 325,000 government-held bitcoin into a Treasury reserve, and the SEC reportedly used an innovation exemption to enable onchain trading of tokenized U.S. stocks. The bill still requires votes by the full House and Senate. Wider markets also saw bonds rise and oil extend its decline.
