Bitcoin Price Teases a Rally Beyond $107k After Texas Passed SBR in Crucial House Vote 📈
Bitcoin's supply on crypto exchanges has reached its lowest level since November 2018, driven by increasing institutional demand. This development comes as the Texas Strategic Bitcoin Reserve (SB 21) bill passed its second reading in the House on Tuesday. The passage has sparked anticipation of a potential rally in Bitcoin's price, which may reach beyond $107k.
The approval of the SBR bill signifies growing state-level interest in Bitcoin, potentially acting as a catalyst for further price increases. Investors and analysts are closely monitoring these developments as they forecast a new all-time high for Bitcoin, fueled by macroeconomic factors and legislative support in key regions like Texas.
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