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Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203 ) has advanced past the House Government Oversight Committee with a 12-2 vote and will now proceed to a full House floor vote. If enacted, the bill would integrate Bitcoin into the state’s financial planning. The bill, sponsored by Representative Cody Maynard and Senator Frix, received support from 12 committee members, with 2 opposing votes. Representative Hays was added as a coauthor. The committee has issued a “DO PASS” recommendation, signaling strong legislative backing. A recent tweet from Cointelegraph reports that the bill could allow Oklahoma to allocate 10% of public funds into Bitcoin or other digital assets exceeding a $500 billion market cap. While the bill does not explicitly mention these figures, multiple states, including Arizona and Utah, are exploring similar digital asset reserves. 🇺🇸 TODAY: Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203) has passed the House committee, advancing for a House floor vote next. The bill allows the state to invest 10% of its public funds into Bitcoin or any digital asset with a market cap of over $500B. pic.twitter.com/6TJl9JZsKd HB 1203 seeks to create a Bitcoin reserve owned by the state, which may involve savings accounts and pension funds. The reasoning is that Bitcoin is a valuable asset for stability due to its decentralized system and its supply is capped. Oklahoma can increase its financial stability by diversifying in digital assets. Its supporters argue it can make Oklahoma a blockchain leadership destination, attracting crypto-related businesses and investment. The move is in sync with other states, for example, Texas and Pennsylvania , which consider Bitcoin reserves. Its volatility, regulatory uncertainty, and security risk have been criticized. Critics argue public funds should not be left in market hands without firm protections. The bill will proceed for a vote on the House floor. If it is approved, it proceeds to the Senate before it can reach the Governor for signature. If it is signed, Oklahoma can potentially be among the first states in which Bitcoin is part of its monetary policy, setting a precedent for other states thinking about such a policy. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Time and again, Ripple’s XRP has proved itself to be a resilient token. Even after major price crashes, the token has managed to keep itself afloat. In fact, while BTC, the biggest crypto in the world, is suffering from a dip, XRP seems to be in a better state. Not only that, but the token has also faced immense regulatory challenges and is still one of the notable performers in the industry. Additionally, recent analysis suggests that the token is priming itself for a bullish run. At press time, XRP is hovering around the $2.20 mark with a 3.42% downtrend. The intraday for the token was $2.49 high and $2.08 low. This performance is in sync with the broader trend of the token in the last month. In the last 30 days, the token fell from its $3.0 high. While some investors have panicked, seasoned investors claim that this is part of the cool-down period that even the biggest cryptos in the market go through. Priming For A Bullish Run Even though the token has shown some decline in the past few days, analysts remain optimistic. Egrag Crypto, a prominent name in the community, has used linear regression models on a logarithmic scale to study and forecast the price of the token. As per Egrag’s analysis, the token might oscillate between $6.4 and $27.5 by March or November 2025. These predictions are primarily based on Fib retracement levels and historical price charts. Furthermore, Egrag has also identified a key resistance level, which the analyst termed the Genuine Wake-Up Line. The token has tested this level multiple times but failed to breach it successfully. However, if the token manages to break the said resistance level, it could easily reach $7.50. Therefore, there is a latent anticipation that the token might go on a bullish run. Hence, the right thing to do is to wait. The post XRP On A Bullish Run: Egrag Crypto Suggests Massive Growth In The Upcoming Month(s) appeared first on Coinfomania.

Bitcoin's relationship with the stock market is always a hot topic, and right now, it’s back in sync with the S&P 500 just ahead of the upcoming FOMC meeting. Historically, Bitcoin has acted like a risk-on asset, meaning it tends to move in tandem with stocks when investors are feeling optimistic. After a bit of a disconnect in June and July—thanks to some political drama—Bitcoin's correlation with the S&P 500 has bounced back. This shift is largely due to expectations of a significant rate cut from the Federal Reserve, which could boost both the stock market and crypto investments. Now, there’s also buzz around Bitcoin miner reserves. A recent uptick in these reserves could signal a potential rally, as miners seem to be holding onto their assets rather than selling. This trend usually hints at rising prices, especially with the fourth quarter approaching and a mix of rate cuts and the U.S. elections on the horizon. So, keep an eye on those miner supplies; they might just give us a clue about the next bull run.

$BTC 62k-61800$ If in the next 48h you get the standard H4 retest to fill the imbalances down to the origin of impulse You bid that and hold strong altcoins in sync for the next week Will see what weekly close brings tonight

Is ETH Dead? Despite lagging a bit, I wouldn't count it out just yet. There are a few easy to explain reasons why it hasn't gone up yet. And why it will go up: 1. The alt season hasn't arrived yet. Ethereum is still the king of DeFi. The majority of all altcoins in this entire space are built on Ethereum. If altcoins are going to get attention again, then so will Ethereum. Why? Ethereum is the most traded and essential currency when the alt season arrives. For the same reason, Ethereum and altseason move in sync with each other. We saw some alt resurgence in Q1 this year, and Ethereum has done great! But if we're still getting a big wave? Then so will ETH. 2. All eyes are still on Bitcoin. Bitcoin is still leading this cycle. Bitcoin dominance remains high and most institutional money has flocked here. If there is a shift, Ethereum will be the first to follow. 3. Grayscale Like Bitcoin, Grayscale saw significant outflows after the ETF launch. When they run out. Inflows will resume 4. Technically good Ethereum is actually not in a bad position. It has touched a long-standing support zone that could be seen as an ideal entry point for many. Both for us and for institutional investors