Bitcoin has marked an extraordinary milestone by trading above $100,000 for 30 consecutive days, peaking at $111,980. Despite a minor pullback to $100,428, Bitcoin has rebounded to approximately $109,511, suggesting bullish momentum. Amid this surge, several U.S. states, including New Hampshire, Arizona, and Texas, have begun recognizing Bitcoin as a strategic reserve asset, indicating its increasing role in fiscal policy. Financial institutions are also enhancing their Bitcoin services, with companies like JP Morgan utilizing Bitcoin ETFs for loans and BlackRock's ETF seeing heightened trading activity.
Anytime price is able to punch through a major resistance level, whether psychological or historical, and successfully hold, it is certainly a bullish sign.
New Hampshire didn't just pass a bill; it sparked a movement.
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