House Financial Services Committee

Zcash led major cryptocurrencies with a 10% gain as bitcoin traded near $86,900 and several large tokens moved higher. Market sentiment improved after a U.S. House committee advanced a Strategic Bitcoin Reserve bill and regulators opened a path for onchain trading of tokenized U.S. stocks.

Digital asset legislation could face a harder path if Democrats gain control of key congressional committees in the next session. Several likely committee leaders have criticized crypto bills, raising the risk of delays, investigations, and narrower regulatory proposals.

Gold begins the week under pressure after XAU/USD settled at $4,120.67, leaving the metal below a key weekly moving average and vulnerable to renewed selling. CPI, Warsh testimony and oil-market stress tied to the Strait of Hormuz are set to shape whether rate-sensitive buyers return or the downtrend resumes.