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The post New Hampshire’s Bitcoin Reserve Bill: A Major Step Toward State BTC Adoption appeared first on Coinpedia Fintech News

The Bitcoin reserve bill, tabled in the US state of New Hampshire by Republican Keith Ammon with the support of Democrats Chris McAleer and Carry Spier, has been cleared by a state house committee. This development has helped the state enter the list of pro-BTC reserve states like North Carolina, Oklahoma and Texas, which have also completed this stage of the BTC reserve law development process. Curious to know more? Read on! 

New Hampshire’s Bitcoin Reserve bill Progress 

The House Bill 302 has been passed by the House Commerce and Affairs Committee with an impressive vote pattern of sixteen to one.

The bill will be sent to the House for a full floor vote.  

New Hampshire joins a tightly bunching group of states with Bitcoin Reserve legislation ready for a full floor vote in their initial chambers. pic.twitter.com/yLrBijuOaT

— Bitcoin Laws (@Bitcoin_Laws) March 6, 2025

What the Bill Allows?

The New Hampshire Bitcoin reserve bill enables the state to invest 5% of the general fund, the revenue stabilisation fund, or other state funds in BTC. Earlier, the bill proposed a 10% allocation plan, but the limit was later reduced to 5%. 

The bill stipulates that any BTC purchased must be held by a qualified custodian or in an exchange-traded fund. 

Notably, it also allows investments in gold, silver and platinum. 

Why Only Bitcoin Qualifies?

The bill requires digital assets to have an average $500 billion market capitalisation over the last year. 

The market capitalization of BTC stands at $1,818,844,481,172. The market cap of the second-largest crypto by market cap, Ethereum, is $276,335,550,823, and the third-largest, XRP, is $145,046,239,952. 

No crypto, other than Bitcoin, currently meets the stipulated requirement. 

• Also Read :
•   New Hampshire’s Bitcoin Reserve Bill: A Major Step Toward State BTC Adoption
•   ,

Trump’s Crypto Reserve: An Overview 

US President Donald Trump

Donald Trump

Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election

President

has already announced his plan to create a Crypto Strategic Reserve. 

Since the induction, the Trump administration has induced several progressive policies, including the establishment of a crypto task force under the US SEC to create a clear crypto regulatory framework, to support the crypto industry. 

Currently, it is unclear which cryptos will be included in the reserve. 

Many industry leaders, like Bitwise CIO Matt Hougan, believe that the reserve will be dominated by Bitcoin. Some experts even think that it will be a BTC-only reserve.     

In conclusion, US states, like Utah and Arizona, have made considerable advancements in the process of creating a legal framework to support the BTC reserve plan.

With New Hampshire moving closer to adopting Bitcoin in state reserves, the full House vote will be crucial. If passed, this could mark another step toward state-level Bitcoin adoption while aligning with broader national crypto developments.

The post New Hampshire’s Bitcoin Reserve Bill: A Major Step Toward State BTC Adoption appeared first on Coinpedia Fintech News
The Bitcoin reserve bill, tabled in the US state of New Hampshire by Republican Keith Ammon with the support of Democrats Chris McAleer and Carry Spier, has been cleared by a state house committee. This development has helped the state enter the list of pro-BTC reserve states like North Carolina, Oklahoma and Texas, which have …

The post Altcoins on the Move: ONDO & Movement Prices Surge By More than 20% appeared first on Coinpedia Fintech News

After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to keep up the momentum. What’s next for these altcoins?  

Will ONDO Price Mark a New ATH?

Ondo Finance is one of the leading tokenizations of Real World Assets (RWA), which is leading the cryptos with over 20% gains. The major reason behind the surge is the token achieving a major milestone, which sheds light on the rising investor confidence. In a recent update, ONDO’s total value locked (TVL) has reached an all-time high of over $1 billion, making an extraordinary rise from the lows of around $185 million. This showcases the rapid growth within the RWA space, as the ONDO price is also flashing massive bullish signals. 

As seen in the above chart, the ONDO price is trading within a descending parallel channel and is trying hard to reach the resistance. Meanwhile, the technicals have turned bullish as the DMI is about to undergo a bullish crossover. Besides, the RSI is maintaining a strong ascending trajectory. Meanwhile, the bearish divergence in the ADX raises some concerns, suggesting a drop in the pace of the rally. Therefore, the ONDO price is believed to test the resistance but may fail to surpass it as the volume remains within a restricted range. However, if the volume increases, then the ONDO price may trigger a breakout and may probably form a new ATH above $2. 

Movement (MOVE) Price Aims for a 35% Upswing

After a bullish start, the MOVE price began to trade within a descending parallel channel following a rejection from the highs. While the price is trying hard to validate a strong ascending trend that could push the price above $0.5 and eventually break the resistance and, in turn, break the bearish pattern. Besides, the decreased volume raises some concerns, but with the growing bullish market sentiments, the MOVE price is also expected to demonstrate massive price actions. 

As mentioned above, the MOVE is also stuck within a descending parallel channel. The Bollinger Bands have begun to squeeze, hinting towards a drop in volatility. This suggests the price is undergoing a strong consolidation phase and is preparing for a breakout. Meanwhile, the CMF has risen above 0, hinting towards the growing strength of the bulls against the bears. Therefore, the buying pressure is slowly mounting, which may push the price towards the resistance of the channel and eventually trigger a breakout above $0.6. 

Therefore, the prices of ONDO & Movement remain stuck within a similar pattern and are undergoing a strong consolidation phase. Hence, a breakout appears to be imminent after the accumulation reaches it’s edge.

The post Altcoins on the Move: ONDO & Movement Prices Surge By More than 20% appeared first on Coinpedia Fintech News
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to …

Popular economist Peter Schiff believes that Bitcoin will accelerate the demise of the U.S. dollar if the government adopts it as a US strategic reserve. Last Sunday, President Donald Trump signed an executive order to declare BTC along with a few other altcoins as part of US reserves. Investors are now awaiting more details at the first White House Crypto Summit scheduled on Friday.

Peter Schiff Predicts Dollar’s Demise Amid Bitcoin’s Rise

Economist Peter Schiff has expressed concerns on the implications of the United States creating a strategic BTC reserve. He stated that if BTC’s success hinges on the failure of the U.S. dollar, such a move would hasten the dollar’s decline. However, Schiff believes that in this fight of BTC vs USD, Gold will emerge as the ultimate winner.

“This development might provide a short-term boost for Bitcoin, but in the long run, gold will emerge as the ultimate winner.”

His comments reflect ongoing debates about Bitcoin’s role in global financial systems and its potential to disrupt traditional fiat currencies. Schiff’s comments also reflect upon macro conditions and the volatility in the US market as the Trump trade war kicks off.

While Schiff is against BTC reserves, market veterans like Robert Kiyosaki believe that Bitcoin will resolve America’s financial woes. He asserts that individuals who sold their BTC during the recent market crash may regret missing out on potential gains, while those who held onto their holdings will emerge as ultimate winners.

Will BTC Price Rally Continue Past $100,000?

Just ahead of the first White House Crypto Summit scheduled for Friday, Bitcoin and altcoins are showing strength once again. The BTC price is up by an additional 6.24% in the last 24 hours and is currently trading at $92,296 levels with a market cap of $1.830 trillion. As per the coinglass data, the BTC open interest is also up 8.09% to more than $51.38 billion.

Crypto analyst Ali Martinez suggests that if Bitcoin (BTC) reclaims the $97,000 level, it could gather momentum for a potential surge toward $150,000, as indicated by the Pi Cycle Top metric.

On the other hand, altcoins are also showing strength with Ethereum (ETH) price recovering more than 15% from the weekly bottom of $2,000.

The post Bitcoin Will Accelerate Dollar’s Demise Says Peter Schiff, Gold Will Win Ultimately appeared first on CoinGape.

World Liberty Financial, Donald Trump’s DeFi project, has once again started buying Bitcoin and Ethereum after a brief hiatus. The recent purchase comes as the crypto market recovers from correction earlier this week with BTC moving past $92,000 and ETH surging to over $2,300. As per the on-chain data, the DeFi project has invested $10 million each in both these top two cryptocurrencies.

World Liberty Financial Makes Fresh Purchases of WBTC, ETH

World Liberty Financial, a fund led by former U.S. President Donald Trump, has resumed significant activity in the crypto market. As per on-chain platform Spot On Chain, the fund has moved a total of $25 million USDC into a newly created multi-signature wallet a few hours back. The fund has executed the following purchases:

• 4,468 Ethereum (ETH) for $10 million at a price of $2,238 per ETH.
• 110.6 WBTC for $10 million at $90,420 per Bitcoin.
• 3.42 million MOVE tokens for $1.5 million at $0.439 per token.

Approximately $3.5 million USDC remains in the wallet, sparking speculation of additional buys in the near future. The Donald Trump’s DeFi project has already launched a macro strategic reserve for its crypto expansion. This purchase by World Liberty Financial underscores renewed interest in major cryptocurrencies and altcoins by institutional investors.

Crypto Market Recovers, BTC, ETH Gains Strength

Following a brutal crash earlier this week, Bitcoin, Ethereum and the broader crypto market have staged a strong recovery as whales and big players have charged in to buy the dips. Investors are now betting on the global liquidity boost and the surge in M2 money supply.

Crypto commentator Colin Talks Crypto has drawn attention to a notable spike in the Global M2 Money Supply chart, highlighting a new vertical increase on the far-right side of the chart.

“The rally for stocks, Bitcoin, crypto is going to be epic,” he stated, pointing to March 25th as the approximate timeline for the anticipated surge. Crypto analyst Rekt Capital has weighed in on Bitcoin’s recent price recovery, noting that weak hands have exited the market, while larger investors seized the opportunity to buy the dip.

Despite Bitcoin’s promising rebound, the analyst cautions that the cryptocurrency isn’t entirely in the clear yet. Rekt Capital highlighted a key wedge formation on the charts, suggesting that if Bitcoin breaks out to the upside, a 25% bullish rally could unfold in the coming days. The analyst has given a mid-term target of $120,000, highlighting growing optimism for the asset.

All eyes on Crypto Summit

US President Donald Trump will be attending the first White House Crypto Summit along with other industry leaders and CEOs. Renowned experts, including Michael Saylor and Matt Huang, are set to participate in the upcoming summit, aiming to drive the development of progressive digital asset policies.

The post World Liberty Financial Adds Bitcoin and Ethereum on Dips Before Crypto Summit appeared first on CoinGape.

Solana co-founder Anatoly Yakovenko has taken a strong stance against the idea of a US Strategic Crypto Reserve. He argues that government control over digital assets could undermine decentralization. Notably, his statement follows reports that Ripple allegedly pitched Solana (SOL) as part of a national reserve to justify XRP’s inclusion.

This debate unfolds just ahead of the US Crypto Summit on March 8, an event gaining traction after Donald Trump’s recent crypto policy remarks.

Solana Co-founder Anatoly Yakovenko On US Strategic Reserve

Anatoly Yakovenko recently shared his views on X, listing his preference for handling a strategic reserve. Yakovenko strongly believes the best approach is to have no reserve at all. According to the Solana co-founder, government oversight of crypto could spell disaster for decentralization, contradicting the core principles of blockchain technology.

However, as a secondary option, he suggests that individual states, rather than the federal government, could manage their own Strategic Reserves. This, he believes, would act as a hedge against potential mistakes by the US Federal Reserve.

Meanwhile, if a US Strategic reserve is inevitable, Yakovenko emphasizes that it should be based on measurable and rational criteria. He points out that such benchmarks could even favor Bitcoin, but stresses the need for objectivity.

Ripple’s Alleged Push For SOL in US Reserve

Anatoly Yakovenko’s statement comes in response to a recent report alleging that Ripple promoted Solana’s inclusion in the US Strategic Reserve. According to sources, the move was an attempt to make XRP’s inclusion seem more legitimate. This revelation has sparked debate within the crypto community, raising concerns about lobbying efforts in shaping national crypto policies.

With Ripple’s ongoing legal battles and its push for regulatory clarity, the company’s reported strategy is drawing mixed reactions. Some see it as a practical approach to gaining government recognition, while others argue it could lead to favoritism in the crypto space.

Besides, the Solana co-founder’s comment also comes amid heating momentum between XRP community and Bitcoin maxis. The BTC advocates have long countered XRP’s inclusion in the US Strategic Reserve, criticizing Ripple and its executives of lobbying efforts.

US Crypto Summit In Focus

The discussion around a US Strategic Crypto Reserve gains momentum as the US Crypto Summit approaches. Scheduled for Friday, the event is expected to bring together President Trump, policymakers, industry leaders, and analysts to discuss the future of digital assets in the country.

Meanwhile, Trump’s recent proposal to include SOL, XRP, and Cardano (ADA) in a national reserve has already stirred controversy. While his stance signals potential government support for crypto, it also raises questions about the implications for decentralization and regulatory oversight.

Besides, the summit further gained traction as Donald Trump’s family project World Liberty Financial betted $20 million on Bitcoin and Ethereum recently. While some deem this a regular accumulation process, many market watchers anticipate something big to come at tomorrow’s US Crypto Summit.

The post Solana Co-founder Calls For No US Strategic Reserve, Here’s Why appeared first on CoinGape.

Renowned crypto analysts took the stage on Thursday, projecting a highly bullish outlook for TRX price ahead. Analyst ‘Ali Martinez’ spotlighted a remarkable spike in TRON network activity as it scales new highs, whilst ‘Crypto Patel’ revealed that a $1 price target is potentially achievable this bull cycle. As a result, traders and investors optimistically eye the Justin Sun-backed token amid a broader market recovery.

Analyst Forecasts TRX Price To $1

At the time of reporting, TRX price witnessed a 2% uptick and exchanged hands at $0.2458. The coin bottomed and peaked at $0.2407 and $0.2465 intraday. Notably, the rising trajectory aligns with the broader crypto market’s recent recovery-like trend.

Simultaneously, analyst Crypto Patel took to X, revealing that TRON is showcasing a strong momentum and a $1 price target potentially looms. According to the price chart shared by the analyst, the coin’s price holds strong support at $0.140. A sustained hold above this level remains bullish.

The best ‘buy zone’ lies at $0.160 – $0.180, given the opportunity presents itself, per the analyst. Notably, the current price levels are considerably above the mentioned support zone, whilst sustained demand could propel new highs.

Can The Analyst’s Prediction Come True?

Intriguingly, it’s noteworthy that the analyst predicted a 200-300% surge in TRX price during October last year. Back then, the coin’s price traded around the $0.16 level, per CoinMarketCap data.

Subsequently, the price hit a $0.426 level as of early December 2024. This past chronicle is worth considering, although the price soon fell amid broader market trends.

TRON Network Activity Surge Bolsters Bullish Prediction

On the other hand, TRON network activity rose substantially, reaching a 2-month-high as of March 4.

According to analyst Ali Martinez, 2.94 million active addresses were recorded on the network recently. This data suggested rising market interest in the Justin Sun-led crypto project, paving a bullish road ahead.

Crypto Market Recovery Bolsters Hope

Simultaneously, the broader crypto market’s recovery-like trend has solidified investors’ optimism on TRX price. Bitcoin and altcoin witnessed notable gains amid pro-crypto developments in the U.S.

Donald Trump’s strategic crypto reserve announcement appears to have substantially boosted the market sentiment. Moreover, the looming U.S. crypto summit set for Friday has also glimmered hope over the market’s future prospects. Crypto market participants continue to monitor TRON extensively amid broader developments, signaling that a bull run to $1 is possible.

The post Analyst Predicts TRX Price To Hit $1 As TRON Network Activity Heats Up appeared first on CoinGape.

Crypto prices are surging today, March 6, 2025, with Bitcoin (BTC) hitting a three-day high of $92,000. Ethereum price has also gained by 4.6% to around $2,300. All the top-ten cryptos by market cap have also registered strong gains, with Dogecoin (DOGE) leading the pack with a staggering 10% rise. 

Despite these market-wide gains, volatility risks remain. Mt. Gox has moved $1 billion in BTC, triggering concerns of a looming selloff. Retail traders also appear to be leaving the market amid declining volumes on PumpFun and a drastic drop in the meme coin market cap. 

Crypto Prices Face Volatility Risks as Mt. Gox Moves $1B Bitcoin 

Defunct cryptocurrency exchange Mt.Gox has moved 12,000 BTC valued at approximately $1.09 billion. According to Arkham, these coins were moved to a new wallet address, sparking speculation of upcoming creditor repayments. 

The Mt.Gox Bitcoin repayments could increase volatility in the crypto market. The creditors that have waited for more than a decade may opt to sell once they receive BTC. This large sell-off could trigger a short-term drop in crypto prices. Moreover, if these coins end up in the market at a time when the demand is low, it could impact Bitcoin’s rally towards $100,000. 

PumpFun Volumes Plunge 94% – Can Solana Price Sustain Gains? 

Transaction volumes on the Solana meme coin launchpad PumpFun have declined by 94% as most crypto prices tumbled. These volumes are now at their lowest level in nearly a year, suggesting that interest in meme coins is dropping. 

PumpFun volumes peaked in January after the release of Solana meme coins like TRUMP and MELANIA. However, interest has gradually faded as these meme coins lost nearly all of their gains barely one month after launching. 

These declining volumes have sparked a bearish Solana price prediction after it dropped by 27% in one month. At press time, SOL trades at $149 after a 4.7% drop in 24 hours. 

Meme Coin Market Cap Drops by $59B As Dogecoin Price Rebounds 

The total meme coin market capitalization has dropped by $59 billion from its 2025 peak of $116 billion amid falling crypto prices. At press time, the total meme coin market cap stood at $57 billion after falling by more than 50% year-to-date. 

This decline shows traders have become hesitant to buy meme coins. However, the declining interest is prevalent in newer meme coins, as the hype fades,  interest has returned to older meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). 

At press time, Dogecoin price had posted a notable 10% gain to trade at $0.21, while Shiba Inu price had surged by 5%. 

What’s Next for Crypto Prices 

Crypto prices show signs of heightened volatility. The $1 billion BTC transfer by Mt.Gox could stir panic selling and cause Bitcoin to fall below the $90,00 psychological level again. Given that altcoins have been tracking Bitcoin price, signs of weakness could also plunge altcoin prices. 

Meme coins are no longer draining liquidity from the broader market. Reduced interest in new meme coins has led to PumpFun transaction volumes falling by 94%. Older meme coins like Dogecoin and Shiba Inu have also seen renewed interest, which may bode well for price. 

The post Crypto Prices Today: Mt. Gox Moves $1B BTC, PumpFun Drops 84%, Meme Coins Lose $59B, What’s Next? appeared first on CoinGape.