American states offer bitcoin backup plans Flash news details

On March 1, 2025, Miles Deutcher reported via Twitter that 18 out of 50 US states are actively paid for bitcoin reserves, with 13 of these states already their proposals under legislative review (Source: Miles Deutschestra, Twitter, March 1, 2025). This development represents a major shift in accepting and integrating cryptocurrencies into the financial strategies of the state. The states that participate in the legislative review process from March 1, 2025, are Wyoming, Colorado, Florida, Texas, and others, which were identified as leaders in cryptocurrency legislation (Source: Coindesk, 1 March 2025). The payment of Bitcoin reserves as part of the broader efforts to diversify government financial assets and hedging against inflation (Source: Bloomberg, February 28, 2025). This legislative progress is expected to increase the institutional interest in Bitcoin, which may lead to an increase in demand and affect market prices in the short to average (Source: Cryptoquant, 1 March 2025).

The news of the state’s interest in bitcoin reserves had an immediate impact on the cryptocurrency market. On March 1, 2025, at 10:00 am EST, the Bitcoin price increased from $ 58320 to $ 60,100 during the first hour of the announcement, reflecting a 3 % increase (Source: Coinmarketcap, 1 March 2025). Trading volumes also witnessed a significant increase, as a total of $ 35.2 billion in major stock exchanges such as Coinbase and Binance on the same day, compared to an average daily size of $ 28.7 billion in the previous week (Source: Coingecko, 1 March 2025). The BTC/USD trading pair showed an increased activity, with a volume of 24 hours by 22 % to $ 18.5 billion (Source: TradingView, 1 March 2025). In addition, the BTC/ETH pair increased 15 % in the trading volume to $ 4.3 billion, indicating that there is an impact on the broader market to exceeding the dollar pair (Source: CryptocCCOCARPare, March 1, 2025). The scales on the series also revealed an increase in active headlines, with a 12 % increase to 890,000 active headline titles from March 1, 2025, compared to the previous day (Source: Glassnode, 1 March 2025).

The technical analysis of the Bitcoin price movement on March 1, 2025 showed an outbreak above the resistance level of $ 59,000, which has been being held since February 25, 2025 (Source: Tradingvief, March 1, 2025). The Relative Power Index (RSI) increased from 62 to 71, indicating a strong upscale momentum but also approaching the peak purchase lands (Source: Coinigy, March 1, 2025). The difference in moving average rapprochement (MACD) showed a bullish intersection, confirming the upward trend (Source: Tradingview, March 1, 2025). The high trading volume, as we mentioned earlier, confirmed the completion, with the volume of the folder significantly increasing from 9:30 am to 11:00 am on March 1, 2025 (Source: Coingecko, 1 March 2025). The moving averages are in line with 50 days and 200 days as well to support the upward trend, as the moving average for 50 days at $ 56,800 and a moving average for 200 days at $ 5,200 from March 1, 2025 (Source: Coinigy, 1 March 2025).

Regarding the developments related to the prosecution and its impact on the encrypted currency market, the United States news, which is pushing bitcoin reserves, was not directly linked to the developments of artificial intelligence. However, it has been observed that the broader market morale, which is affected by technological progress in artificial intelligence, affects the confidence of investors in encrypted currencies. For example, the recent developments in AI’s trading algorithms increased trading sizes in the codes connected to the prosecution such as Singularity (AGIX) and Fetch.ai (Fet), with a 10 % increase in trading volume on February 28, 2025 (Source: Messari, February 28, 2025). While the immediate impact on artificial intelligence symbols of Bitcoin Reservation was minimal, the total positive market morale can indirectly benefit from the AI’s projects. The relationship between the developments of artificial intelligence and the feeling of the encryption market is clear in increasing interest in decentralized artificial intelligence platforms, which witnessed a 7 % increase in the maximum market during the past week as of March 1, 2025 (Source: Coinmarkcap, 1 March 2025).