Bitcoin Breaks $97,000: "This rally has room to rise further" On Wednesday, Bitcoin (BTC-USD) climbed above $97,000 as market optimism grew regarding potential legislative benefits for the cryptocurrency market. #MarketRebound $DASH DASH rose more than 3% on news that US senators released a draft bill aimed at establishing a regulatory framework for the cryptocurrency industry, including clarification of regulatory jurisdiction. #BTC100kNext? $ETH Cryptocurrency advocates have long pushed for such regulation, especially after last year's landmark stablecoin legislation. They believe a broader regulatory framework for digital assets could be the catalyst for tokens to outperform the market after a dismal fourth quarter. #StrategyBuyBitcoin $BTC {Futures}(BTCUSDT) {Spot}(ETHUSDT) {Futures}(XRPUSDT) Fundstrat Digital Assets Head Sean Farrell said Tuesday evening that the draft bill was "significantly progressive overall." "I think this is a strong positive factor for US altcoins and crypto financial services companies." #MEME Ethereum (ETH_USD), the native token of the main blockchain used for tokenization, rose 5%. Meanwhile, Solana (SOL-USD) rose 2%. #HODL Despite the price increase, some industry analysts are not confident that the bill will pass this year.