Texas has introduced a second crypto reserve bill, marking another significant step toward integrating Bitcoin into its financial framework. According to a document released on March 11, the proposed legislation, HB 4258, seeks to allocate up to $250 million from the state's economic stabilization fund for Bitcoin and other digital assets.

BlackRock's chief executive has warned Donald Trump's trade policies will stoke inflation—pouring cold water on hopes the Federal Reserve will cut interest rates through 2025

Bitcoin's potential retracement to $70,000 may be an organic part of the current bull market, despite crypto investor concerns regarding the early arrival of the bear market cycle.Bitcoin (BTC) fell over 14% during the past week to close around $80,708 after investors were disappointed with the lack of direct federal Bitcoin investments in President Donald Trump's March 7 executive order that outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases. Despite the drop in investor sentiment, cryptocurrencies and global markets remain in a “macro correction” as part of the bull market, according to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform.

In recent years, few market strategists have made more timely calls than Fundstrat's Tom Lee. While most strategists were still bearish on the market after a difficult year in 2022, Lee turned positive and has ridden a bull market that has seemingly defied gravity and overcome every bearish indicator up until recent weeks.

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Mt. Gox moved 32,371 BTC ($2.19B) to new wallets, its largest monthly transfer. Bitcoin trades at $80,378, down 2.51%, with resistance at $85,000 and support at $78,000.

Another unfilled CME futures gap occurs between $84,200 and $85,900.

The US President Donald Trump has formally established a strategic Bitcoin reserve last week—an action that has ignited both celebration and concern across the industry. At the heart of this debate is one central question: Will Bitcoin become a geopolitically important global macro asset like gold, or will it remain a niche holding among libertarians, cypherpunks, and speculators?

The ongoing cryptocurrency downturn has left investors reeling, wiping away a major chunk of their gains since Donald Trump emerged victorious in the 2024 presidential elections. Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency by valuation, sank below $77,000 for the first time in four months and, trading down 21% since Trump was sworn in as president.

Strategy's (formerly MicroStrategy) unrealized profit has been reduced 3X as BTC extends its decline.

David Schwartz does not seem too concerned. While Bitcoin takes another dip - down 1.39% in the last 24 hours, 2.74% in the past week - the Ripple CTO and XRPL architect sees a buying opportunity, not a crisis.

Bitcoin price briefly dropped below $80,000 on Monday, hitting a four-month low of $77,393. This sharp decline triggered a wave of miner capitulation, prompting them to offload their holdings.

The cryptocurrency market is going through a tough time, with traders facing heavy losses as nearly $1 billion worth of liquidations hit the market. Meanwhile, the overall crypto market cap is down to $2.62 trillion, with bitcoin suffering the most loss.

Bitcoin has fallen below $80,000, down 27% from its January peak, but market indicators suggest this may be a mid-cycle correction rather than a major market top.

BTC has recovered almost five grand since tumbling to the local bottom earlier today (March 11).