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Bitcoin (BTC) gained 3.96% on Wednesday. BTC finished the day at $28,344 after gaining 0.51% on Tuesday. The $28,000 mark was retained by BTC for the first time in six hours.

BTC dropped to a low of $27,253 during the first hour of trading on a divided day. BTC climbed to a late-morning peak of $28,649 while avoiding the First Major Support Level (S1) at $26,758. To end the day at $28,344, BTC overcame the First Major Resistance Level (R1) at $27,651 and the Second Major Resistance Level (R2) at $28,036.

News from Gary Gensler and Expectations for a Ripple Win to Raise BTC to $28,000

On Wednesday, US legislators delivered BTC price support, making it yet another active day.

Gary Gensler will testify before a panel on digital assets on April 18 to talk about his rule-making and strategy for dealing with digital assets, according to a statement made by House Financial Services Chair McHenry on Wednesday.

Bullish investors reacted to the news. The statement came as expectations for a Ripple win in the SEC v. Ripple lawsuit were rising.

On Capitol Hill, the SEC Chair has been difficult to find. In a message to Gary Gensler in March 2022, US legislators questioned the SEC's discriminatory treatment of crypto companies.

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