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The first state-level Bitcoin Reserve bill in the US is now fully approved, as New Hampshire’s Governor Kelly Ayotte signed it into law today. This makes New Hampshire the first state to get such a plan across the finish line.

Although Florida and Arizona saw recent setbacks, a victory in New Hampshire is a substantial accomplishment.

New Hampshire Enacts Bitcoin Reserve Law

Earlier today, the state-level Bitcoin Reserve initiatives in the US were looking dire. Two relevant bills died in committee in Florida less than a week after Arizona’s governor vetoed another.

However, New Hampshire has bucked this trend, creating the US’s first Strategic Bitcoin Reserve/

New Hampshire is once again First in the Nation!

Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM

— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025

This Reserve bill puts New Hampshire at the head of the country in a few ways. In addition to allowing the state to purchase and hold Bitcoin, there is another interesting aspect.

Specifically, the law is not exclusively tailored to Bitcoin. It allows the state to purchase any cryptoasset with a market cap over $500 billion. Today, that’s only BTC, but others could join.

This means if Ethereum and XRP reach this threshold in the future, the state can purchase these altcoins as a part of its reserve.

New Hampshire’s successful effort will encourage other Bitcoin Reserve bills and provide valuable data on how this system works in practice. Other state governments can learn from New Hampshire’s successes and failures to refine their own legal initiatives better.

Meanwhile, Trump’s national Bitcoin Reserve plan is still unclear. The initial executive order provided a 60-day deadline for the Treasury to assess the plans for a digital asset reserve. That deadline ended yesterday, but no concrete update has been given yet.

As of now, the Governor has not specified the amount of BTC the state will purchase. However, according to the bill, New Hampshire can allocate a maximum of 5% of total state funds to purchasing Bitcoin.

For 2026-2027, the state’s total fund is $16 billion in expenditures. So, it will be interesting to see how much of that will be allocated for BTC.

The post New Hampshire Bitcoin Reserve Bill Gets Signed into Law appeared first on BeInCrypto.

FORM, the token formerly known as BinaryX (BNX), has climbed nearly 20% over the past 24 hours. The surge has propelled it to outperform Bitcoin (BTC) and Ethereum (ETH), positioning FORM as the top gainer in today’s trading session.

The strengthening demand for the altcoin could extend these gains in the short term.

FORM’s Rally Gains Steam

At the time of writing, FORM trades at $2.54. Key technical indicators suggest this upward movement could be more than a short-term spike. These signals point to a sustained rally, which could push FORM to revisit its all-time high of $2.65, a level it previously reached on March 24. 

For example, the token currently trades above its Supertrend indicator, which forms dynamic support below its price at $2.11. This indicator tracks the direction and strength of an asset’s price trend. It is displayed as a line on the price chart, changing color to signify the trend: green for an uptrend and red for a downtrend.

When an asset’s price trades above this indicator, it signals dominant buying pressure in the market, paving the way for sustained upward momentum. 

For FORM, the Supertrend indicator provides strong dynamic support at the $2.11 level, holding against price dips and reinforcing the potential for continued gains.

Moreover, FORM’s Aroon Up Line confirms the strength of its uptrend. As of this writing, this is at 100%, reflecting significant buying pressure among market participants. 

The Aroon Indicator measures the strength and direction of an asset’s trend by tracking the time since the highest and lowest prices over a given period. It comprises two lines: Aroon Up, which measures bullish momentum, and Aroon Down, which tracks bearish pressure. 

When the Aroon Up line is at 100 or close, it signals a strong upward momentum and a dominant bullish trend. This suggests that FORM’s buying pressure is high, and its price may continue rising.

FORM Eyes Record Highs at $2.65 as Momentum Builds

FORM currently trades at $2.54, just 4% shy of its all-time high of $2.65, which forms resistance above its price. If bullish sentiment toward the altcoin soars, it could reclaim this price peak and attempt to rally beyond it to record new highs.

However, this bullish projection might be invalidated if market participants resume profit-taking. In that case, FORM’s price could fall to $2.44.

The post FORM Jumps 18%: Is a Retest of the $2.65 All-Time High Imminent? appeared first on BeInCrypto.