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Texas doubles down on crypto with new $250 million Bitcoin reserve bill

Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments.

CryptoSlate

Mar 11

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Happy Tuesday!

In today's crypto landscape, Texas is making bold moves with a new $250 million Bitcoin reserve bill, further solidifying its position as a leader in digital asset adoption. Meanwhile, Bitcoin's price has dipped below $80,000, but market indicators like the Spent Output Profit Ratio (SOPR) suggest potential stability ahead. As global tensions and strategic reserve plans continue to influence market dynamics, futures trading remains steady despite a significant drop in spot trading volumes.

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The global crypto market cap is $2.64 trillion, with a 24-hour volume of $159.19 billion. The price of Bitcoin is $81,087.83, and BTC market dominance is 61.1%. The price of Ethereum is $1,906.71, and ETH market dominance is 8.7%. The best-performing sector is Art, which gained 15%. The Crypto Fear & Greed Index is currently Extreme Fear (24).