Market
Texas’ Bitcoin Reserve Bill Passes Senate Vote With 80% In Favor

Texas Bitcoin Reserve proposal passed a Senate vote with 25 out of 30 votes in favor. It will require another vote in the House of Representatives to reach the Governor and become law, but the progress is very encouraging.
Several other state-level reserve proposals failed due to Republican Party defections. In Texas, however, most Democrats voted in favor. This bill does not trigger mandatory Bitcoin purchases yet, which was a major sticking point with fiscal conservatives.
Texas Could Get a Bitcoin Reserve Soon
Throughout several states in the US, pro-crypto lawmakers are trying to pass small-scale Bitcoin Reserves. Texas’ effort has been a particular point of interest, and the state’s Lieutenant Governor has enthusiastically supported the proposal.
Last week, the Bitcoin Reserve bill in Texas passed through Committee, and today, it succeeded a Senate vote 25-5.
“The Texas Bitcoin Reserve Bill passed the Senate with some Democrat support. (The final vote was 25 – 5, and there are 11 Democrat Senators). If there is similar cross-aisle support in the House, then the bill’s prospects for success are good,” a legislative watchdog claimed on social media.
The effort to pass a Bitcoin Reserve in Texas has been an important piece of crypto regulation for several reasons. Obviously, Texas is a large and economically vital area, with the second-largest GDP of all US states.
Additionally, this effort represents a crucial chance to defeat a losing streak in state-level Reserve bills.
Essentially, these bills would trigger up to $23 billion in Bitcoin purchases nationwide, which thrilled the crypto community. There’s just one problem: the Republican Party values fiscal conservatism.
Montana lawmakers rejected spending tax dollars on Bitcoin, and a wave of other red states followed soon after.
Crucially, however, Texas’ Bitcoin Reserve proposal did not mandate this spending. If the state government wishes to purchase Bitcoin, ideally from the large local mining industry, it can do so.
However, approval at this stage does not inevitably trigger this sort of spending, and now Texas can join states like Utah and Arizona as the leaders in this race.

What’s Next for the BTC Reserve Bill in Texas?
Despite today’s win, the fight for a Texas Bitcoin Reserve is far from over. The bill will now move to the state’s House of Representatives, which has more than five times as many members.
More specifically, the Texas House of Representatives has 89 Republican members and 62 Democrats. In theory, this should be a clear win, as Republicans are largely pro-crypto.

However, this wasn’t the case in Montana, North Dakota, South Dakota, Pennsylvania, and Wyoming, where several Republican members voted against the respective BTC reserve bills.
The Texas bill passed the Senate with near-unanimous support, but it might be more contentious before a larger body. In any event, it’s a win, and the Bitcoin Reserve efforts could use a victory right now.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Chart Signals Trouble – Is A Drop To $1.20 Possible?

The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead.
XRP Faces Bearish Breakdown As Head-And-Shoulders Pattern Emerges
Over the last week, XRP investors have witnessed both sides of the crypto market volatility after a spontaneous 30% surge to $3.00 was followed by a bearish price action of almost equal strength. Currently, XRP trades at around $2.30 in a downtrend signaling a dominant selling pressure.
Commenting on the current state of the market, Ali Martinez stated that XRP’s price action on its daily chart is forming a head-and-shoulders pattern suggesting an incoming heavy price fall. For context, the head-and-shoulders pattern is a common reversal signal, that appears at the peak of an uptrend before a significant downtrend begins.
This bearish formation starts with the left shoulder which is an initial price peak followed by a moderate pullback. This can be seen with XRP’s price action in late 2024 after it surged to around $2.70 in early December before the general market correction. Thereafter, there is the head component which represents a higher price peak i.e. the current local market top at $3.40, followed by another decline.
Finally, the head and shoulders pattern is completed by the right shoulder formed by XRP’s choppy price action in the last week. The altcoin is now on a downtrend putting many traders on alert for a potential substantial price crash.
However, despite the head-and-shoulders pattern, a bearish signal can only be confirmed when XRP breaks decisively below the neckline at $2.20. In this case, Martinez warns the crypto asset could fall as low as $1.20, representing a potential 50% fall from XRP’s local highs seen in February.
In neutralizing this bearish projection, XRP bulls must provide enough market demand to push the coin past the right shoulder peak of $3.00, signaling momentum for a prolonged price uptrend.
XRP Market Overview
At press time, XRP trades at $2.34 following a 4.56% decline in the last 24 hours. However, its weekly chart reflects gains of 9.44% pushing the asset into minor monthly gains of 0.34%. The fourth largest cryptocurrency has recently dipped below its 100-day Simple Moving Average correlating with fears of a sustained price fall. However, the XRP community remains largely bullish according to CoinMarketCap data.
Related Reading: Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash – Here’s The Target
Market
Michael Saylor Shares $81 Trillion Bitcoin Reserve Plan for Trump

Michael Saylor shared an ambitious proposal for the US government to accumulate a vast Bitcoin reserve that he claims could generate up to $81 trillion in wealth by 2045.
The outspoken Bitcoin (BTC) advocate and co-founder of Strategy (formerly MicroStrategy) shared the blueprint during the White House Crypto Summit.
Michael Saylor’s Bitcoin Accumulation Blueprint For Trump’s Government
Syalor’s plan, presented as a blueprint for economic dominance, calls for the nation to acquire between 5% and 25% of the Bitcoin network over the next decade through consistent, programmatic daily purchases.
“I shared this at the White House Digital Assets Summit,” Salor confirmed.
Saylor’s vision rests on the idea that Bitcoin will appreciate significantly over time due to its fixed supply and growing global adoption.
Under his plan, the US government would begin accumulating Bitcoin in 2025 and continue until 2035, by which point 99% of all Bitcoin will have been mined.
“Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” read an excerpt in the blueprint.
Following this strategy, the US could acquire up to a quarter (25%) of the total supply, locking in a dominant position in the global financial system. Saylor argued that such a move would have a transformative economic impact.
Saylor estimates that the Strategic Bitcoin Reserve could generate between $16 trillion and $81 trillion in value for the US Treasury by 2045. Notably, this prediction hinges on the scale of adoption and Bitcoin’s future price appreciation.
The reserve would act as a long-term store of value for the nation, offering an alternative to traditional monetary assets and providing a powerful hedge against inflation.
Also, Saylor said the strategy would secure America’s financial future, strengthen the dollar, reduce national debt, and cement the country’s status as a global economic leader.
Saylor Discourages US Government From Selling Bitcoin Holdings
One of the most striking aspects of Saylor’s proposal is his assertion that the US should never sell its Bitcoin holdings. Instead, he envisions the SBR generating at least $10 trillion annually by 2045 through appreciation and other financial mechanisms.
He claims this would create a self-sustaining economic engine capable of addressing national debt concerns. It would also position the US to fund technological advancements, critical infrastructure, and social programs without increasing taxes or borrowing excessively.
Beyond buying Bitcoin, Saylor’s broader digital asset framework includes sweeping regulatory changes designed to position the US as the epicenter of the digital currency wave.
He advocates for clear, supportive regulations that encourage innovation while ensuring market integrity.
“Hostile and unfair tax policies on crypto miners, holders, and exchanges hinder industry growth and should be eliminated, along with arbitrary, capricious, and discriminatory regulations,” Saylor added.
His plan divides digital assets into four categories—digital tokens, digital securities, digital currencies, and digital commodities. Each of these, he indicated, serves a specific function within the economy.
Notably, if the US government heeds Saylor’s 25% Bitcoin supply purchase, it would hold 5.25 million BTC. This would be more than the 1 million BTC (5% of the supply) Wyoming Senator Cynthia Lummis proposed in the Bitcoin Act introduced in August 2024.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Solana Futures Market Turn Bearish as SOL Might Dip Below $130

Solana’s price has faced significant volatility over the past week due to recent market troubles. This has led to a sharp decline in its futures market sentiment as leveraged traders appear reluctant to take bullish positions.
This lack of confidence increases the risk of a further price drop, with SOL eyeing a dip below the $130 level in the near term.
Solana Struggles as Traders Exit
SOL’s negative funding rate is an indicator of the waning bullish bias among its futures traders.
According to Coinglass data, SOL perpetual futures have maintained a negative funding rate for the past three days, indicating that short sellers are paying to hold their positions. At press time, this stands at -0.0060%.

The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot market.
As with SOL, when this rate is negative, it means that short sellers (those betting on a price decline) are paying fees to long traders, indicating a bearish sentiment in the market.
Therefore, more traders are positioned for a price drop, reinforcing the downward pressure on the coin’s price.
Moreover, the lack of confidence among SOL futures traders is reflected by its plummeting open interest. At press time, this is at $3.94 billion, falling 19% since the beginning of March.

An asset’s open interest tracks the total number of active futures contracts that have not been settled.
When this falls, especially during a period of price decline, it suggests that traders are closing positions without opening new ones. This confirms the reduced conviction in a short-term SOL price recovery among its futures traders.
Solana Bulls Weaken—Can They Prevent a Drop Below $130?
At press time, SOL trades at $137.70, resting just above the support floor of $136.62. As bullish sentiment tapers, this level risks being flipped into a resistance zone.
Should this happen, SOL’s price could slip below $130 to exchange hands at $120.72.

On the other hand, if bullish momentum returns to the SOL market, this bearish projection will be invalidated. In that scenario, new demand could drive the coin’s price to $182.31.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Market22 hours ago
PEPE Price Hits 6-Month Low; Recovery Delayed Further
-
Ethereum22 hours ago
Ethereum Eyes Key Support at $2,350 — Price Surge To Follow?
-
Altcoin23 hours ago
Pi Network Enters This Trillion-Dollar Industry, Pi Coin To Hit $10?
-
Bitcoin23 hours ago
Bitcoin’s Path To $100,000 Faces Stiff Resistance At $98,000 — Analyst
-
Altcoin22 hours ago
Can XRP Become The Cornerstone OF US Global Financial Policy?
-
Ethereum16 hours ago
330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming?
-
Market15 hours ago
Bitcoin Pepe maintains its shine as Bitcoin price bleeds further
-
Altcoin15 hours ago
Andre Cronje Outlines Reasons For Ethereum’s Underperformance This Cycle