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On March 5, with the White House indicating that it has submitted President Kevin Waugh's nomination for Federal Reserve Chair to the Senate, the U.S. Senate did not pass the vote to halt Trump's Iran sanctions. Bitcoin hit a new high since February 5 in the early hours of today, reaching a peak of $74,050, and the total cryptocurrency market cap rebounded past $2.538 trillion. U.S. stocks and crypto-related stocks rose across the board, with MSTR up 10.37%, COIN up 14.57%, and CRCL up 5.63%.
According to CoinDesk, Bitcoin is in a supply-scarce zone between $72,000 and $80,000. Data from Glass