Bitcoin News
By Julie Binoche
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Bitcoin (BTC) is once again making headlines as its price flirts with new all-time highs following a significant legislative development in Texas.
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The SB 21 bill, which proposes the creation of a state-managed Bitcoin reserve, received overwhelming support in the Texas House, with 105 votes in favor and just 23 against.
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The bill has been championed by Representative Giovanni Capriglione and Senator Charles Schwertner, who have emphasized the strategic importance of accumulating Bitcoin as a…
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The market has responded swiftly to the news. Bitcoin spiked to a local high of $107,307 late Tuesday during the North American trading session.
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One of the most compelling bullish signals comes from on-chain data showing that the supply of Bitcoin held on centralized exchanges has dropped to its lowest level since…
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From a technical perspective, Bitcoin has been trading within a strong upward channel since the start of Q2 2025.
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However, it's not all clear skies. A potential risk remains if Bitcoin fails to hold above the $102,395 support level.
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The Texas legislation could also serve as a broader catalyst for similar initiatives across the U.S. and globally.
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In conclusion, Bitcoin’s latest price surge is more than just a reaction to market speculation—it reflects a deeper shift in how major institutions and governments perceive the…
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