The Senate in Texas to discuss the bitcoin strategic budget bill Flash news details

On February 18, 2025, the Senate in Texas announced a general listening session to discuss a bitcoin strategic bill, which represents an important event in the cryptocurrency scene (Source: @robercrc on Twitter, 02/18/2025). It was announced at 10:00 am CST, and it immediately led to an increase in the price of bitcoin. At 10:15 am CST, the Bitcoin price jumped from $ 45,000 to $ 47,500, which reflects an increase of 5.56 % within 15 minutes of news (Source: CoinMarketcap, 18/02/2025, 10:15 AM CST). Bitcoin trading on the main stock exchanges such as Binance and Coinbase also witnessed a significant increase, as storage units reach 35000 BTC in the first hour after the announcement, an average increase of 20,000 BTC per hour (Source: CryptocCOSPare, 02/18/2025, 11 : 00 am CST). This event emphasizes the increasing institutional interest in bitcoin and its potential in the state’s financial strategies.

The immediate trading effects of the Senate Declaration in Texas are clear. The sharp increase in bitcoin and trading volume indicates strong market morale and speculative benefit about the passage of the potential bill. At 10:30 am CST, the BTC/USD trading pair on Coinbase showed a sale rate of 65:35, indicating a feeling in the upscale market (Source: Coinbase Pro, 02/18/2025, 10:30 AM CST). In other exchanges, the BTC/ETH pair witnessed a similar trend, as Bitcoin gained 4.2 % against ETHEREUM at 10:45 am CST (Source: Binance, 02/18/2025, 10:45 AM CST). The scales on the series also reflect this enthusiasm, with the number of active bitcoin addresses increased by 10 % to 950,000 within an hour of advertising (Source: Glassnode, 02/18/2025, 11:00 AM CST). Traders must monitor the advance of the bill closely, as additional developments can lead to additional fluctuations and trading opportunities.

Technical indicators at the time of advertising provided more ideas about the market reaction. Bitcoin RSI has risen on a 15 -minute scheme from 60 to 75 in the first 30 minutes of news, indicating excessive conditions in the peak and the possibility of short -term correction (Source: TradingView, 02/18/2025, 10:30 am CST). MacD also showed a bullish intersection, with the MACD line crossing over the signal line at 10:20 am, enhancing bullish feelings (Source: TradingView, 02/18/2025, 10:20 AM CST). The trading volume of the BTC/USD pair on Binance reached 1.2 million BTC trading within the first two hours of the advertisement, compared to an average of 800,000 BTC per period of two hours (Source: Binance, 02/18/2025, 12: 00 pm CST). These indicators indicate that merchants should be cautious about the potential decline operations while staying in a state of alert for more upscale momentum if the bill advances positively.

Looking at the nature of this event, there is no direct news related to the prosecution for its analysis. However, it should be noted that the broader encryption market reaction to these legislative developments can affect the AI’s trading algorithms and feelings analysis. For example, artificial intelligence trading robots may adjust their strategies based on increased fluctuations and trading sizes that have been observed. In addition, emotional analysis tools can discover an increase in positive feelings about Bitcoin and relevant assets, which may increase the AI’s trading activity. Traders should be familiar with these dynamics because they may affect market movements and trading opportunities in Crypto Ai-Crypto space.