Everybody Holds Kurs HOLD

A Bitcoin bill has been presented to the Minnesota state senate that proposes allowing investments in Bitcoin and promotes cryptocurrency use in certain areas. In a March 18 statement , Senator Jeremy Miller, who introduced the bill, said the Minnesota Bitcoin Act (SF2661) aims to modernize the state’s financial landscape and position Minnesota as a leader in digital assets. Under SF 26661 , the Minnesota State Board of Investment would be allowed to allocate state funds to Bitcoin and other cryptocurrencies, treating them similarly to traditional investments like stocks and bonds. Further, state employees will have the option to include Bitcoin and other cryptocurrencies in their retirement plans. The legislation would also allow residents to pay state taxes and fees with Bitcoin, following in the footsteps of states like Colorado and Utah. Additionally, the bill includes tax incentives for cryptocurrency earnings, allowing certain gains from Bitcoin and other cryptocurrencies to be subtracted from taxable income. “I believe global digital currencies are here to stay, and it’s inevitable that they become more and more mainstream,” Miller said. According to him, cryptocurrencies would benefit Minnesota by providing “new financial opportunities” and giving the state a “strategic position to take advantage of being on the forefront of this digital revolution. “Crypto is a versatile digital asset that can be used in multiple ways, including as investments, global currency, or a hedge against inflation,” he added. Minnesota follows over a dozen other U.S. states that are mulling state cryptocurrency investments. Some states like Arizona and Texas have introduced multiple bills. On March 11, Texas state lawmakers presented House Bill 4258 , which allows Texas’ chief accountant and financial watchdog to invest up to $250 million of the state’s economic stabilization fund balance in Bitcoin or other kinds of crypto assets. The following day, Senator Cynthia Lummis presented an updated version of her July Strategic Bitcoin Reserve Act, which allows the government to hold more than 1 million Bitcoins.

#FOMC Decision Drops Tonight — 11:30 PM IST Powell speaks. No rate hike expected (99.7% probability) — but his words will shake the markets. Expect Volatility. Close all leverage positions NOW Hold spot bags Keep cash ready to buy the dip Smart money prepares before the move. $BTC

Polkadot ( $DOT ) is currently trading at $4.00, reflecting a 1.46% increase in the last 24 hours. The price is hovering near a crucial support level between $3.60 and $3.80, an area that has historically acted as a strong foundation for price rebounds. The support area maintains its importance because numerous market participants are actively placing their buy orders in this prominent zone. A sustained support level would trigger a possibility of a new bullish outlook. When DOT prices reach the high support levels it can indicate a pullback. But if the price drops to the point where a stop hunt happens this means leveraged positions could be automatically sold before any potential upward movement. DOT Faces Critical Resistance at $10.44—Breakout or Breakdown Ahead ? The next major resistance for DOT stands at $10.44, which has previously acted as a rejection point for upward movements. A successful break above this resistance could initiate a rally, potentially pushing DOT toward the $40–$50 range in an altseason cycle. On the downside, failure to hold above $3.60 might lead to a further drop toward $2.50–$2.00, where stronger demand may emerge for long-term accumulation. Market trends suggest that DOT is testing a liquidity-rich area, increasing the likelihood of volatile price swings. If bullish momentum prevails, DOT could see an upward push toward $6.00–$8.00 in the near term. On the other hand, a bearish breakdown could lead to a deeper correction before a possible recovery. Polkadot ( $DOT ) Technical IndicatorsShow Bearish Pressure DOT RSI is currently at 40.17 showing a neutral momentum, this suggests that DOT is approaching oversold conditions.A rising RSI could signal strengthening momentum, but DOT remains in a weak position below the neutral 50 level. Moreover, the MACD line is trading below the signal line indicating a bearish trend.The market appears to be consolidating with lower volatility, but the RSI and MACD suggest that downward pressure remains.

While President Donald Trump nominated former SEC commissioner Paul Atkins, a known supporter of digital assets, to lead the Securities and Exchange Commission (SEC) as early as December 2024, his confirmation has faced delays. The latest development is that Senate Banking Chair Tim Scott is targeting March 27th for a committee hearing on Atkins, potentially bringing the confirmation process closer to a resolution. The hold-up in Atkins’ Senate confirmation hearing has primarily been due to outstanding financial disclosure paperwork. This administrative hurdle has kept the nomination in limbo for several months, creating uncertainty within the cryptocurrency industry, which anticipates a more favorable regulatory approach under his leadership. According to a report by Semafor, the Senate Banking Committee, led by Chair Tim Scott, is aiming to hold a hearing on Atkins by March 27th. The committee has been awaiting the necessary paperwork from the White House to proceed. Related: Burwick Investigates LIBRA Token Launch: Did a “Deceptive” Plan Empty Investors’ Bags? In addition, Senate Banking is set to hold a bipartisan meeting this Friday to discuss Atkins’ nomination. While it’s unclear if the committee has received his paperwork yet, this marks the most substantial progress we’ve seen regarding his confirmation in recent times. This prolonged delay has contributed to a slowdown in the SEC’s decision making, particularly concerning cryptocurrency regulations and the approval of crypto ETFs. During this interim period, acting SEC Chair Mark Uyeda has signaled a shift towards a more moderate regulatory approach, stressing investor protection, while moving away from the more stringent policies of the previous administration. The SEC has recently dropped several major lawsuits against cryptocurrency companies, including Coinbase, Robinhood, Uniswap, Cumberland, and others. However, the long-running Ripple case remains unresolved. Some experts believe that Atkins may decide to drop even more cases once confirmed. Cody Carbone, president at The Digital Chamber, suggests that Atkins will likely review all current cases, considering their progress and the resources already invested by the SEC. He may choose to drop cases not directly related to fraud, and instead focus on issuing clearer rules and guidance to address industry issues. Related: Ripple vs. SEC: Is a Settlement in Sight After Years of Legal Sparring? Given his experience, Atkins is expected to evaluate each case carefully, deciding whether to continue, settle, or let it play out in court. While many expect changes under Atkins’ leadership, decisions won’t happen immediately. It could take time for him to assess all the ongoing cases. 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.

It's not an official bear market for $BTC until we crossed below EMA 50 on weekly timeframe🧐 Few examples💁‍♂️ 📌May 2018 we crossed below EMA 50 which marked the bear market, until that we had couple of bounces and EMA 50 worked as support 📌Jan 2022 we break below EMA 500 and it signals a bear market 📌Now it's a turning point for #BTC. Hold EMA 50 and we still bull, break the one and it's a bear market P.S aside from my examples, we had a bunch of cases where EMA 50 worked as a support/resistance. It's very important to watch this indicator