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The Arizona House of Representatives’ Commerce Committee has approved the Bitcoin Reserve Bill SB1373 with a narrow vote of 6-to-4, resulting in a modest 1.36% price increase in the past 24 hours, CoinMarketCap data shows. This vote marks a significant step forward in Arizona’s efforts to integrate cryptocurrency into its financial framework, in line with the State’s growing interest in the management of digital assets. Related: Bitcoin’s Getting New Big Players: Fresh Whales Amassing Millions The bill , initially introduced in the Senate, has moved through the legislative process relatively quickly. It reached this key stage in the House after passing its third reading in the Senate with a 17-12 vote on February 27 . Sponsored by Republican Senator Mark Finchem, SB1373 aims to establish a “Digital Assets Strategic Reserve Fund” to be managed by the state treasurer. This fund would consist of money allocated by the legislature, along with any cryptocurrency assets seized by the state. Notably, the bill includes safeguards to limit investment risk, preventing the treasurer from allocating more than 10% of the total fund deposits to any single fiscal year. The legislation allows for the lending of digital assets to potentially generate returns, provided that such activities do not increase the state’s financial exposure. Arizona is currently trailing only Utah in the race among US states to establish formal crypto reserve investment policies. While SB1373 advances, another Bitcoin-related bill, the Strategic Bitcoin Reserve Act (SB1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, has also gained momentum. SB1025, passed by the Senate with a 17-11 vote, takes a different approach by focusing on public fund investments in cryptocurrency assets. Bitcoin trades at $83,622.77, dropping 13% in the past 30 days. The Relative Strength Index (RSI) currently sits at 44.54, indicating a neutral to slightly bearish momentum. The downward slope of the RSI line suggests that the likelihood of Bitcoin breaking above its 20-day Exponential Moving Average (EMA) at $85,356 is not particularly high at the moment. Related: Diverging Paths in Crypto Futures: Bitcoin Volume Rises as Ethereum and Solana Remain Flat Meanwhile, the MACD indicator recently confirmed a bullish divergence with the MACD line (blue) breaking above the signal line (orange). The MACD histogram has also turned green, suggesting a significant possibility of higher price highs in the near term. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The first-ever Solana futures ETFs are launching tomorrow. Volatility Shares is debuting two ETFs: •⁠ ⁠SOLZ: Tracks Solana futures •⁠ ⁠SOLT: Offers 2x leveraged exposure

The crypto market is once again in a state of uncertainty, hanging on a single question: what will be the next decision of the U.S. Federal Reserve? While bitcoin hovers below $85,000 and the market’s fear and greed index collapses to 23, investors hold their breath. The Federal Open Market Committee (FOMC) meeting concludes today, and all attention is turned towards Jerome Powell. For several days, bitcoin and major cryptos have experienced increased volatility, indicating growing nervousness. This morning, bitcoin dropped below $83,000, before slightly rebounding to $83,450, while Ethereum, Solana , and XRP alternate between small gains and losses. Ryan Lee, chief analyst at Bitget Research, highlights this dynamic and specifies that: Bitcoin has dropped by 0.2% to settle around $83,000, following a broader decline in the crypto market, while Solana, XRP, and Dogecoin are also experiencing a decline, as gold exceeds $3,000 an ounce and markets await the FOMC decision on March 19, 2025. Although bitcoin has historically been correlated with gold as a macroeconomic hedge, its current divergence (bitcoin dropping while gold rises) shows that it behaves more like a risk asset, influenced by uncertainty around Fed monetary policy, profit-taking, and a movement toward traditional safe havens. The outcome of the FOMC meeting could either favor a rebound if the tone is flexible or intensify the correction if the position remains restrictive, with the short-term of bitcoin now more linked to global economic signals than to its role as digital gold. The central element that worries investors is the Federal Reserve’s position on interest rates. Officially, the consensus is for rates to remain between 4.25% and 4.5%, but it is Powell’s speech that will dictate the course of events. Here are three possible scenarios that concern investors: “We do not anticipate an immediate rate cut,” has already stated the Fed chairman in recent months. He highlights increased inflation and a still fragile economy. However, a slight variation in his tone would be enough to trigger an immediate reaction in the markets. For now, investors remain alert, scrutinizing every hint that could signal a shift in the Fed’s course. If the Fed maintains a firm and restrictive posture, the market could face another downturn, as investors would then favor safer investments like bonds. Many analysts fear a tightening of liquidity, which would particularly impact risk assets like bitcoin. “Financial flows are beginning to shift towards European and Asian markets,” observes a report from QCP Capital, suggesting a movement of capital away from tech stocks and cryptos. Conversely, if Powell hints at a potential monetary easing sooner than expected, the crypto market could immediately react with a spectacular rebound. The recent drop in the Consumer Price Index (CPI) from 3.1% to 2.8% could serve as an argument for an upcoming easing. If the Fed suggests that rate cuts will occur before mid-2025, bitcoin and altcoins could directly benefit, which would again attract investors seeking high returns. Powell’s speech will condition market movements in the coming hours, and the magnitude of reactions could be severe. A conciliatory approach would pave the way for a new bullish dynamic and strengthen interest in cryptos as a safe haven in the face of a potential economic stimulus. Conversely, a hard and unambiguous line could mark the start of a new correction phase , which would test the markets’ resilience against inflexible monetary policy.

$SOL risks further decline if $94–$100 support breaks Glassnode warned on X that its UTXO Realized Price Distribution (URPD) data shows Solana (SOL) supply is heavily concentrated at $94–$100, holding nearly 21M SOL (3.5% of supply). A breakdown could lead to sharp losses due to weak support below, the firm added. Accumulation at $123–$126 may provide stability, while major resistance at $135–$144 could trigger selling pressure.

VolShares to launch first Solana $SOL futures ETFs in the U.S. According to Bloomberg Senior ETF Analyst Eric Balchunas on X, VolShares will launch the first-ever Solana futures ETFs in the U.S. on March 20. The offerings include a standard futures ETF and a 2x leveraged…