Bitcoin's price rose by 1% in the last 24 hours, reaching $98,133, correlated with a proposed digital assets investment law in North Carolina.
Recent Bitcoin Price Increase
The price increase is linked to North Carolina House Speaker Destin Hall's introduction of the 'Digital Assets Investments Act,' which aims to diversify the state's investment portfolio with crypto assets. Currently, Bitcoin is the only asset meeting the bill's criteria.
Bitcoin Market Analysis
Bitcoin's daily chart showcases a strong bullish trend that started in October, followed by a consolidation phase within the $94,400–$108,000 range. This pattern suggests a temporary accumulation zone waiting for the next movement. The RSI indicates weakening momentum but not oversold conditions.
BTC Bull Token: A New Alternative
As Bitcoin surges, investors are looking at the new BTC Bull token. This token offers holders real Bitcoin airdrops when certain price milestones are reached. It also includes token burns between each milestone.
The rise in Bitcoin's price and North Carolina's bill underscore the growing recognition of cryptocurrencies as an investment. The market's future will hinge on legislative outcomes and innovations like the BTC Bull token.
