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Why Is Ethereum Jumping Today?

TheMotleyFool

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Ethereum (CRYPTO: ETH) is up 5.4% in the last 24 hours as of 4:43 p.m. ET, moving higher as the stock market fell. Wednesday's trading saw the S 500 drop 0.6% and the tech-heavy Nasdaq Composite lose 1%.

Ethereum is continuing to gain after U.S. senators released draft legislation late Monday establishing a regulatory framework for the crypto industry.

The draft bill aims to clarify regulatory jurisdiction over digital assets and comes after a brutal end of 2025 that saw Bitcoin plunge from $126,000 in October to $88,000 by the end of the year, driven by heavy selling from long-term holders.

Source Fool.com

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