Utah is scheduled to vote on the creation of Bitcoin Reserves | Flash news details

On March 4, 2025, Crypto Rover Tweet about the upcoming Utah’s final vote on the creation of the Bitcoin Reserve, scheduled for this week, Rovercrc said on Twitter (Source: X Post by Crypto Rover, 4 March 2025). This development has significant effects on the cryptocurrency market, especially bitcoin (BTC), and can affect other digital assets. On March 4, 2025, at 10:00 am EST, the Bitcoin price increased by 3.5 %, reaching $ 6,200, according to Coinmarkcap (Source: Coinmarketcap, 4 March 2025, 10:00 am EST). This increase was accompanied by an increase in trading volume by 20 % during the past 24 hours, with a total of $ 45 billion, according to data from Cryptoquant (Source: Cryptoquant, 4 March 2025, 10:00 am EST). The Bitcoin/US Dollaar (BTC/USD) trading pair, followed by Bitcoin/Tether (BTC/USDT) and Betcin/ETHEREUM (BTC/ETH). The scales on the series of Glassnode show a significant increase in active addresses, an increase of 15 % over the previous day, indicating an increase in the investor’s interest (Source: Glassnode, 4 March 2025, 10:00 am EST).

A possible creation of the Bitcoin Reserve in Utah can indicate a broader acceptance of coils by state governments, which increases institutional investment. On March 4, 2025, at 11:00 a.m. EST, the Bitcoin Fear and Greed Index rose to 72, indicating a shift towards greed between investors, as mentioned by Alternative.me (Source: Alternative.me, 4 March 2025, 11:00 AM EST). This transformation is likely to be affected by news from Utah. The BTC/USD trading pair witnessed a 24 -billion dollar trading volume, while BTC/USDT and BTC/ETH registered $ 15 billion folders and $ 5 billion, respectively, depending on data from Coingecko (Source: Coingecko, 4 March 2025, 11:00 am). In addition, the Bitcoin dominance index increased to 45 %, indicating that investors prefer Bitcoin over other encrypted currencies, according to TradingView (Source: Tradingvief, 4 March 2025, 11:00 am EST). The data on the Blockchain.com series indicates a high number of transactions for each block, from 2500 to 2700, reflecting the increasing network activity (Source: Blockchain.com, 4 March, 2025, 11:00 am EST).

Technical indicators on March 4, 2025, at 12:00 pm EST, show Bitcoin trading over their average for 50 days and 200 days, with 50 days at $ 62,000 and 200 days at $ 58,000, according to Tradingview (Source: TradingView, 4 March 2025, 12:00 pm). The RSI of Bitcoin 68, indicates that the original is close to its arrest, according to Coinigy data (Source: Coinigy, 4 March 2025, 12:00 pm EST). Bollinger ranges indicate an increase in fluctuations, as the upper range is $ 67,000 and the bottom transition at $ 63,000, according to the data from TradingView (Source: TradingView, 4 March, 2025, 12:00 pm East US time). BTC/USD, BTC/USDT and BTC/ETH trading volumes on March 4, 2025, at 12:00 pm EST, $ 26 billion, $ 16 billion, and 6 billion dollars, respectively, according to Coingecko (Source: Coingecko, 4 March 2025, 12:00 pm). The scales on the series from Glassnode reveal that the Bitcoin Rashash has increased by 3 % over the past 24 hours, as it reached 200 EH/S, indicating strong safety for the network (Source: Glassnode, 4 March, 2025, 12:00 pm East US time).