“And So It Begins”: The Words of Cynthia Lummis That Could Spark a Bitcoin Rally
According to Odaily, U.S. Senator Cynthia Lummis has called for the integration of bitcoin into the U.S. reserves. She emphasized that bitcoin reserves can be audited at any time using a simple computer, highlighting the transparency and accessibility of the cryptocurrency.
The prospect of a strategic reserve and golden era for cryptocurrencies appears on pause as economic conditions become more complicated. Investors are moving away from stocks and cryptocurrencies as tensions and nervousness increase. However, it’s not all doom and gloom and a Bitcoin rally could be closer than many assume.
A post by Republican Senator, Cynthia Lummis, appears to become a fairly clear bull market signal. Writing in X, Lummis cites a post by the Republican caucus on the Senate Banking Committee. In it she gives notice that there will be a hearing for legislation on crypto assets.
As such, the Committee put on hold the hearing on a crypto subcommittee that could be a boon for BTC pricing. On the positive side, the hearing is scheduled for next Wednesday (February 26). This means that this fact should be added to this week’s economic calendar.
Overall, this is a highly significant step for the future of cryptocurrencies in the United States. Hence, Lummis’ short phrase “and so it begins” becomes one of the most promising for the crypto world.
Will Bitcoin Rally This Week?
For some time now, Senator Lummis has been pushing for legislation that would create a favorable environment for the development of the crypto world. Her current crusade focuses on the creation of a strategic bitcoin reserve for the United States. On this issue, the conservative representative has an extreme point of view.
Accordingly, she is betting that the federal government will get rid of strategic reserves in gold and convert them into bitcoin. The first step of the hearing for a subcommittee on crypto legislation is the kick-off towards this goal of making BTC the world’s most important asset.
An upward trend in cryptocurrency prices could result from what happens at this hearing. However, it is worth mentioning that not all conditions are favorable at the moment, as highlighted at the beginning of this article.
In any case, after the subcommittee hearing on Wednesday, one should wait for the market to digest the results. For now, it is impossible to determine whether this will trigger a rally in the bitcoin price or go unnoticed by the capitals.
The price of bitcoin remains just below $96,000 per coin. According to CoinMarketCap data, its 24-hour performance as of early Monday morning is -0.35% and -0.45% on a one-week basis.
BTC Forecast
According to CryptoPredictions, the BTC price for today (02/24/2025) is predicted to be in the range of $81,832.046 – $120,341.244. Bitcoin is predicted to end today at $96,272.995.
The BTC price for tomorrow (2/25/2025) is predicted to be in the range of $80,702.407 – $118,680.010. Bitcoin is predicted to open tomorrow at $94,944.008 and close the day at $92,095.687.
Bitcoin started in February 2025 at $102,382.394 and is predicted to finish the month at $90,253.774. During February, the maximum forecasted BTC price is $107,758.884 and the minimum price is $73,276.041.
Finally, Bitcoin is predicted to start in March 2025 at $88,448.698 and finish the month at $101,955.801. During March, the maximum forecasted BTC price is $108,684.909 and the minimum price is $73,905.738.
By Audy Castaneda