Author: factivaa

BTC falls to $ 86,000 for the first time since November in the middle of a market settlement

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Key conclusions

  • BTC fell to the level of $ 86,000 for the first time since November 2024.
  • Bitcoin Pepe’s presale has exceeded 3.5 million dollars while investors look at the sixth stage.

Bitcoin falls to a minimum of three months while the total capitalization of the cryptocurrency market falls below 3 billion dollars

The cryptocurrency market has been bearish since the beginning of the week. Bitcoin has dropped almost 4 % in the last 24 hours and briefly touched the level of $ 86,000 on Tuesday. The fall was the lowest level of BTC in three months, since the cryptocurrency market in general experienced a massive sale.

At the time of publication, the Bitcoin price It is located at $ 882 and could continue with its recovery if the bulls regain control. The total capitalization of the cryptocurrency market also fell below 3 billion dollars, since Ethereum and other Altcoins had a lower yield.

What is Bitcoin Pepe?

Bitcoin and other important cryptocurrencies have had a lower performance in recent days. However, investors could consider the fall as an opportunity to buy more tokens before a possible market recovery.

Investors also continue to invest funds in new and exciting projects. Bitcoin Pepe It is one of the projects that is gaining ground in its presale thanks to its unique value proposal for investors.

Bitcoin Pepe is a project that seeks to take advantage of the liquidity and safety of the Bitcoin block chain. The project will use Bitcoin’s position in the market to introduce memecoins into its ecosystem.

According to the official website, Bitcoin Pepe is a layer 2 built on the Bitcoin block chain. This project is a layer 2 solution specialized in Memecoins built on Bitcoin, which brings Solana style scalability to the Bitcoin network. The layer 2 will allow Bitcoin Pepe to become the home of the entire Memecoins trading and transfer all this economic activity to the BTC ecosystem. It will unlock decentralized finances (defi) and memecoins trading on BTC.

Bitcoin Pepe is also the first initial offer of Memecoins (ICO) in the Bitcoin block chain, which makes it the perfect fusion between the safety of BTC and the unstoppable force of the memecoins.

The project will facilitate the BTC Maxis the purchase and sale of Memecoins. The combination of high levels of trust (BTC) with high levels of performance (Sun) will lead to high levels of mass retail adoption.

Bitcoin Pepe’s presale enters the sixth stage and raises more than 3.5 million dollars

The presale of Bitcoin Pepe has been raised for two weeks and has raised more than 3.5 million dollars so far. The presale will enter the sixth stage in the next few hours or days, and it is expected that the price of $ BPP will increase slightly.

BPEP, the native token of Bitcoin Pepe, can be purchased using several cryptocurrencies, including ETH, USDT, USDC, BNB and Sun. In this fifth stage of presale, $ BPP is sold at $ 0.0255 and it is expected to increase to $ 0.0268 in the next stage. The presale Bitcoin Pepe It could be an opportunity to buy $ BPE with discount.

Will Bitcoin Pepe improve the bitcoin ecosystem?

Bitcoin Pepe It will present products and services that will make memecoins available in the Bitcoin block chain. While Bitcoin is the leading cryptocurrency in the world, its block chain is not as versatile as Ethereum or Solana.

This project wants to change this narrative by introducing new utilities in the Bitcoin block chain. With Bitcoin Pepe, memecoins can be launched in the Bitcoin block chain. The introduction of Memecoins into the Bitcoin block chain will allow you to become home to a crazy and high octane experience.

Bitcoin Pepe is ready to unlock 2 billion dollars in inactive BTC capital and make it available for Memecoins trading. This layer 2 network will provide the necessary infrastructure for all memecoins to migrate to BTC, which guarantees safety and liquidity for investors and users. Your Native token $ BPEP will boost several activities within the Bitcoin Pepe L2 network.

Should I buy the token $ BPEP before the sixth presale stage?

The presale Bitcoin Pepe It is aimed at its sixth stage in the next few hours or days, and the price of the token is expected to increase slightly. This could be an excellent opportunity to participate in the project, since pre -sales allow investors to obtain early exposure to projects.

Bitcoin Pepe is working hard to become the leader L2 network in the Bitcoin block chain, offering users safety and liquidity. By marking the beginning of the era of Memecoins, Bitcoin Pepe could become one of the most important projects within the Bitcoin ecosystem. The presale allows investors to buy their native token with a discount before it is activated on trading platforms.

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Idegen investors anticipate takeoff after the price at the end of the presale

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  • Idegen’s presale ends today with a price exchanges price scheduled for tomorrow.
  • Memecoin is expected to be included in Bitmart on March 4.
  • Investors expect $ 0.1 after launching in a viral exaggeration.

Less than a day left for Degen presale and investors are excited while waiting for their inclusion in decentralized exchanges.

As the final regressive account progresses, the cryptocurrency community prepares for what could be an explosive take -off, driven by the clown of ia without iden filters and a viral presale that, as reported, has shot a 36 809 809 % from its beginning.

A Crazy dream come true

Idegen was born from what the team jokes “the unfortunate union between degenerates and a nvidia chip”, and is not a common and current token crypto. This Conscious project thrives thanks to chaos, absorbing every tweet that is thrown to learn, adapt and respond updates every hour, without any moderation.

Idegen is a bold experiment that has captured the imagination of the world of cryptocurrencies. His motto, “Born with ia. Raised by users, ”reflects their roots in the irreverent crypto subculture and risk lover, and their promise to“ take your job ”if you do not buy only arrogance.

In particular, the presale, which ends tomorrow at 1:00 pm UTC, has been a roller mountain of advertising and impulse. With a price of 0.038 dollars in their final stage, the tokens $ IDGN have attracted an avalanche of buyers anxious to enter before they are included in the lists of the exchanges.

The tokenomic is designed taking into account the community: 80 % of the supply was allocated to presale participants, 10 % is intended for liquidity and the remaining 10 % will reward participants. The not sold tokens will be burned, which will potentially reduce the offer and prepare the stage for an increase after the price.

In addition to pre -sale successIdegen stands out for his personality as a raw and without script. Its AI depends on interactions in xwhere each interaction feeds its database, which allows it to evolve without limits or censorship. He already launched a text -based version, he added generation of images and expanded to Telegram and Tiktok, with video capabilities on the horizon.

The road map hints even larger plans, such as blockchain data integration to obtain real -time information and forge associations to boost its scope. For now, however, it is the feed of X that steals the show: the tweets on trans supersoldados and the lyrics of Young Thug have accumulated thousands of views, which demonstrates Idegen’s ability to stir the waters.

Idegen is expected to reach the decentralized exchanges tomorrow

Having already raised the amazing sum of 24 853 323.50 dollars, the project is ready for its decentralized exchanges debut tomorrow, February 27, at 1:00 pm UTC.

A claim guide will also be published on the Idegen site, to guide investors on how to claim their bought tokens.

Tomorrow’s debut at the Decentralized Exchange is only the appetizer. The real test comes with the inclusion in Bitmart on March 4, a movement that could catapult Idegen al Mainstream.

Bitmart’s centralized platform offers broader accessibility, and with the viral credibility of the project marked with multiple X prohibitions that only fame their fame, analysts anticipate a possible jump to $ 0.1 or more after launch.

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The last fall of the cryptocurrencies leaves Bitcoin Pepe unharmed

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Memecoin -shaped revolutionary cryptocurrencies have captured the attention of cryptocurrency enthusiasts, even when the main ones like Bitcoin continue to experience sales pressure. For example, two weeks after your presale, Bitcoin Pepe It has already sold four stages. For the first users who bought tokens BPP at the launch price of 0.0210 dollars, their investment has already obtained accumulated gains of 15.7 %.

At the end of the 30 stages, the price of Token will have increased by 311.4 %. As such, this is the right time for investors to go to the train of this profitable trend.

A fall below $ 90,000 pushes Bitcoin’s price to the over -sales territory

After reaching a new historical maximum approximately one month ago, the price of Bitcoin has collapsed below the crucial support zone of $ 89,000 for the first time since mid -November 2024. At the time of writing this article, it was quoted to 86,750 dollars after extending the losses of the last two sessions.

Although the bulls are still optimistic that the main cryptocurrency will reach 200,000 dollars later in the year, low commercial activity will probably produce more losses in the short term. A look at his daily chart shows that the price of Bitcoin is listed below the EMA of 25 and 50 days. In particular, these two ma have formed a pattern of Cruz de la Muerte bear; which points to more losses in the immediate term. In addition, the 27 RSI places the cryptocurrency in the overall territory with the indicator pointing down.

According to technical data, it is worth being attentive to the range between 85 073 and 89 811 dollars. Even with greater correction, a resistance in 91,524 dollars in the middle of an insufficient bullish impulse is probable. On the other hand, the lower support zone of 81,468 can be an adequate level to place a Stop Loss.

Bitcoin Pepe is firm in the middle of the nerves related to bybit

While attacks on Bybit and Infini cause liquidation in the cryptocurrency market in general, Bitcoin Pepe has maintained its ascending impulse. Its positioning, moment and infrastructure have made it particularly attractive among memecoins lovers.

To begin with, it has entered the market during the mandate of the US-record president. This environment, together with its approach to build “Solana in Bitcoin”, makes more investors hurry to accumulate some BPEP tokens while they are still affordable.

In addition, its layer 2 solution, which promises to make the Bitcoin network a playing field for memecoins, is the puzzle that was missing in Bitcoin. It fuses the rapid Solana transactions with the security of Bitcoin and the culture of ultrapopular memecoins.

At the time of writing this article, he had raised more than 3.4 million dollars. Before its price in the second quarter of 2025, the project has the potential that its value increases several times. Hurry and buy Bitcoin Pepe here.

The price of Ethereum finds a new support point in the middle of the cryptocurrency sales wave

The nervousness that emanates from Bybit’s hacking has fed the last mass sale of cryptocurrencies. Like other important cryptocurrencies, the price of Ethereum has collapsed below the previously stable support levels. More specifically, it broke the support in $ 2500, which has remained stable since the beginning of November 2024.

With a 35 RSI, it is close to the over -sales territory. In addition, he continues to quote below the 25 -day EMA in the short term, as seen in his daily chart.

Within the immediate period, the price of Ethereum will probably find support in the intradiary minimum on Tuesday of $ 2317, while finding some resistance in $ 2565. A new rebound can stop your profits along the EMA of 25 days in $ 2765.

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OKX resolves the investigation of the Department of Justice and will lose $ 421m in fees won

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  • OKX declares itself guilty of the positions of the Department of Justice to operate a money transmission business without a license.
  • Exchange must pay a fine of 84 million dollars and lose $ 421 million earned in American client commissions.
  • The exchange accepts sanctions after an investigation by the Department of Justice.

The OKX cryptocurrency exchange platform will lose $ 421 million earned in customer commissions in the United States, advertisement The platform on February 24.

According to OKX, his subsidiary Aux Cayes Fintech Co. Ltd., had reached an agreement with the United States Department of Justice after investigation into the company’s operations.

OKX declared himself guilty of the charges to operate as a money transmission company without a license. Specifically, the OKX platform acknowledged that inherited compliance lagoons could have made several American clients operate on the global platform of the platform.

So, although the Department of Justice did not alleged any damage to customers or presented charges against OKX employees, the company agreed to resolve the issue by paying a fine and losing the commissions won.

“To solve the problem, the company agreed to pay a fine of 84 million dollars and renounce the commissions it obtained from these US clients during the period, which amounted to approximately 421 million dollars, most of which come from a few Institutional clients, ”he wrote the bag in an update.

OKX collaborated with the Department of Justice during the investigation and agreed with the resolution.

“The resolution marks a fundamental step in the continuous commitment of the company with excellence in compliance, a deeper regulatory collaboration and the integrity of the entire industry in line with the evolution of the cryptocurrency sector. This agreement reflects growth and positions OKX to continue working with regulators and developing solutions that benefit our clients and the market for cryptocurrencies in general, ”said the Exchange in the blog publication.

In his eagerness to improve compliance, transparency and safety of users, OKX affirms that he assumes “total responsibility for the deficiencies of the past.”

The company undertakes to provide a safe, compatible and reliable platform for its users, and these efforts are destined to help promote greater adoption of cryptocurrencies.

It should be noted that the OKX agreement with the Department of Justice occurs at a time when the cryptocurrency regulation panorama in the United States becomes increasingly favorable to cryptocurrencies.

In recent days, the Bag and Securities Commission, for example, has ended its investigations on Robinhood and Opensa.

The Coinbase cryptocurrency exchange platform also announced that the regulator had agreed to dismiss its demand against the company.

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Grayscale requests a Polkadot ETF

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  • Grayscale has submitted an ETF application of Polkadot before the stock exchange and values ​​commission (SEC).
  • This is the last application of ETF in cash, and this on Polkadot adds to the presentation made by 21Shares earlier this month.

Grayscale Investments has submitted a request for a background quoted in the Polkadot Stock Exchange (DOT), the last of a series of Cryptocurrency ETF applications that the issuers have submitted in recent months.

Bloomberg ETF senior analyst Eric Balchunas, shared The news on X on February 25. With the market in general down as prices collapsed, the news of the Grayscale application for an ETF of Polkadot (DOT) did not have an immediate impact on the DOT price.

At the time of writing this article, the value of the Altcoin was around $ 4.44, a fall of more than 6% in the last 24 hours. However, the price of Polkadot had bounced slightly from the minimum of $ 4.15 seen above in the day.

Grayscale adds to the Packadot ETF Spot presentations

Grayscale is one of the digital asset managers that several cryptographic products have been aggressively launched.

Among his ETF Spot requests before the stock exchange and securities commission are the requests for the price and negotiation of the funds quoted in the Bolsa Litecoin, XRP, Cardano, Dogecoin and Solana.

Grayscale Polkadot Trust is the latest ETF Spot application. With the presentation of the proposed rule change by Nasdaq Market, the presentation of the ETF DOT adds to others that are already considering the approval of the SEC.

It is important to highlight that the SEC has recognized several of the 19B-4 forms, which starts this process towards the final approval or rejection. In particular, the 19B-4 presentation by Grayscale occurs a few weeks after the 21Shares asset manager requested a Polkadot ETF.

The 21Shares Polkadot Trust proposed by the company seeks to quote on the CBOE BZX stock market, with coinbase as custodian. Recently, Canary Capital presented 19B-4 for its ETF Spot Hbar. The presentation of the asset manager occurred a few days after modifying his presentation S-1.

According to Balchunas, the measure means that the SEC comments on the Hbar ETF. What this means is that Hbar and Litecoin have the “best probabilities” of being approved among Altcoin’s presentations, public The analyst in X.

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Chainflip plans to update to block BYBIT computer pirates

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  • Chainflip announced that update 1.7.10 will be ready for tests and implementation in 24 to 72 hours.
  • Cross chain AMM says that the measure will prevent Bybit computer pirates or other attackers from using the platform for washed stolen funds.

The automated market creator between Chainflip chains has announced an upcoming update. When implemented, the platform will block BYBIT’s computer pirates so that they do not use their decentralized exchange protocol.

The platform measure follows the recent hacking of 1.4 billion dollars to Bybit, which caused Lazarus Group, backed by North Korea, looting more than 400,000 ETH from the cold wallet of the exchange.

“After the discussions between the team, the community, the liquidity suppliers in the network, all the main interfaces that use Chainflip and most of the providers of validators, we are advancing with a plan to allow the interfaces to block in a robust way Illicit flows in the Chainflip protocol, ”said the Chainflip team in an article Posted in X.

According to Chainflip, there has been consensus throughout his community for the update. This is because the community considers that illicit flows are something that “endangers the protocol by exposing the LP to too many risks.”

Therefore, the decision to implement update 1.7.10 arises from the general desire to protect the interests of common users.

On February 22, the protocol put its main interface exchange platform in maintenance mode to prevent Bybit’s computer pirates will exchange ETH stolen by USDC.

Expansion of the running function of runners

Chainflip says he has collaborated with ecosystem partners and other suppliers. The objective is to prevent these funds and other illicit flows from touching the protocol.

With the update, the protocol now expands a selection function at the corridor level that allows to reject Bitcoin (BTC) deposits if they are considered high risk for Ethereum (ETH) and all ERC20 tokens.

“In the future, Chainflip will not be useful for anyone whose wallet can be linked to any important incident, piracy, fraud or fraud. This will allow Chainflip to provide a much more reliable and safe environment for LP to compromise more capital with less risk, thus improving the service to defi users everywhere, ”added the platform.

Chainflip developers have already written most of the code, and evidence and implementation could begin in 24 to 72 hours.

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KIP protocol denies participation in Libra launch

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  • Kip Protocol says he did not start or launch Libra.
  • The project also did not benefit in any way with the launch, despite having been “deceived” when publishing about the Token.
  • Libra, also promoted by Argentine president Javier Milei in X, crashed shortly after launch.

KIP Protocol, the web 3 for AI based, has denied accusations that it had a role in the launch of Libra, the cryptocurrency that turned out to be a great scandal in space.

Monday, Kip Protocol team public A statement that said clarifying the facts around the launch of the Token Libra.

“We recognize the damage that the $ LIBRA situation has caused to many investors, to our customers and the cryptographic community in general. As many have surprised us recent events and we want to clarify the facts about the role of Kip Protocol in the event, ”published the platform in X.

The Kip Protocol declaration listed five key points related to the LIBRA project. It also highlights the support of Argentine President Javier Milei a fact that only saw the retailers suffer since the price collapsed shortly after.

The events even caused the launch of an investigation in Argentina, while industry observers indicated the damage to retail investors. One of the platforms that Criticism was criticized was Kip Protocol.

What has the project on Libra said?

In his statement, the KIP Protocol team has denied the reports that the project began.

“Kip did not start the Libra project or the Living La Libertad project. We do not direct any activity or participate in any discussion about the launch of the Token. We are an artificial intelligence company in the initial stage that became a convenient part to provide coverage to other parts that began and administered the launch of the Token, ”reads part of the statement.

The publication in X also highlighted four other points. Includes the statement that the project did not create or approve the website for the Living La Libertad project. Instead, KIP had an invitation that sought his assistance in the management of a financing initiative aimed at small and medium -sized Argentine companies, or SME.

According to Kip, the “invitation was made by Mauricio Novelli only on February 13, 2025, based on our previous experience in the execution of subsidy programs and our ability to implement AI infrastructure for companies.”

KIP says that the SME financing initiative was scheduled to start at a later date. Libra launched and collapsed before the platform initiated any discussion about the living project La Libertad.

So, Kip had something to do with the launch of Token? No, according to the statement.

“We were not informed in advance of the date or time of sale of the token. We did not promote the purchase of Token in any way before or after the launch. ”

Despite publishing on Libra in X, Kip maintains that they had nothing to do with the launch. The team also benefited from the Token and none of the wallets that received tokens or maintained them belong to Kip.

The launch of the Token of Libra, apparently by Hayden Davis or Kelsier Ventures, saw off guard losing millions of dollars when the token price collapsed.

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Bitcoin Pepe’s presale arises as a safe shelter amid market volatility by Bybit’s hacking

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  • Bybit’s hacking caused some volatility in the market, although it is slowly stabilizing amid the exchanged recovery efforts.
  • Bybit has already managed to completely close the ETH gap caused by hacking.
  • In the midst of chaos, Bitcoin Pepe’s presale offers investors a safer investment opportunity

Bybit’s hacking caused a shock in the cryptocurrency market, since computer pirates stole about 1500 million dollars in Ethereum of the platform’s cold wallet.

He hackingwhich occurred on February 21, 2025, is marked as the possible the main robbery of cryptocurrencies in history.

However, in the midst of this chaos, the Bitcoin Pepe presale (BPEP)the first initial offer of Memecoins (ICO) in Bitcoin, has emerged as a surprising stability lighthouse, raising more than 3.1 million dollars and offering a new alternative for cautionary investors.

Bybit hacking triggered turbulence in the market

Bybit’s hacking, attributed by some analysts to the North Korean group Lazarus, drained approximately 401,000 Ethereum, which caused a mass of massive retreats of 55 billion dollars from Bybit while users panic.

Bitcoin (BTC) fell below $ 95,000 and Ethereum (ETH) collapsed to $ 2641, since market volatility shot, in the midst of fears of whether bybit remained solvent after the hacking.

However, Bybit has bought some Ethher (ETH) to reimburse its ETH reserves to mitigate greater market instability. Exchange has also received Help of some of the block chains to track and freeze some of the stolen funds. The exchange also says that now he knows where the funds were stolen after issuing a reward of 140 billion dollars.

The attack not only exposed vulnerabilities in centralized exchanges, but also amplified the fears of greater instability, pushing traders to look for safer ports while the cryptocurrency sector wobbles for the consequences.

Bitcoin Pepe’s unique attraction

While the market recovers from Bybit’s hacking chaos, Bitcoin Pepe has captured attention with its innovative approach, which combines Bitcoin’s lasting security with the solar speed through its Token PEP-20 standard.

Positioned as a layer 2 solution centered on the memecoins of Bitcoin, Bitcoin Pepe promises instant transactions and ultrabaja rates, which attracts a community disappointed by recent security violations.

Now in stage 5 of its 30 -stages presale, the token BPEP is priced at $ 0.0255 and it is expected to increase to $ 0.0268 in the next presale stage, with $ 3179 341 dollars already collected for an objective of 3748 500 dollars. Backed by an audit of Solidproof, Bitcoin Pepe offers a resilience and growth narrative, attracting investors seeking refuge from the expansive waves of Bybit’s hacking.

A presale paradise in the midst of uncertainty

The panorama of cryptocurrencies is still in suspense while Bybit works to restore confidence, after having achieved more than 446 870 ETH through loans and purchases to cover the losses of Bybit’s hacking. However, the long -term implications of the incident persist, and market observers anticipate greater scrutiny and possible regulatory changes.

For now, Bitcoin Pepe’s presale stands out as a shelter, offering a mixture of memes and technological ambition that contrasts markedly with the gloomy reminder of Bybit’s hacking on the vulnerabilities of cryptocurrencies, giving investors the opportunity to regroup and reimagine their strategies in a volatile world.

Unlike Ethereum or other high capitalization tokens hit by the consequences of hacking, the BPP presale structure provides a controlled entry point, isolated from the immediate oscillations of the market. The vision of the project to allow Memecoins to launch in the “Eternal Chain” of Bitcoin resonates in an avid community of innovation, while its constant progress in fundraising is a sign of confidence in a convulsed market.

With Bybit’s hacking underlining the risks of centralized platforms, the decentralized promise of Bitcoin Pepe and the presale impulse position it as an attractive alternative for investors who sail for this turbulent period.

If you are interested in the Bitcoin Pepe project, visit the Official Project Website For more information.

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The SEC abandons research on Robinhood Crypto

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  • Robinhood says that the SEC has ended the regulator of the Robinhood Crypto regulator.
  • The SEC issued a Wells notice to Robinhood Crypto in May 2024.
  • The closure of Robinhood Crypto’s investigation by the SEC occurs days after the agency closed a similar investigation against Opensa.

The United States Stock Exchange and Securities Commission (SEC) has abandoned its research on Robinhood digital assets division. Robinhood announced through A blog post On Monday, February 24, the SEC has closed its investigation of compliance actions against the company.

“We applaud the decision of the staff to close this investigation without any action,” said Dan Gallagher, legal director of Robinhood Markets.

The DEC decision of ending his research on Robinhood occurs just a few days after another platform, Opensa, said the regulator was ending his investigation.

Both Robinhood and Opensa received ‘Wells notices from the SEC in 2024. Last week, the Coinbase cryptocurrency exchange platform also announced that the regulator had agreed to dismiss the demand he had filed against the company based in the United States in 2023.

The SEC closes Robinhood research

In Monday’s blog publication, Robinhood said he received a communication from the SEC’s compliance division on Friday, February 21.

The letter detailed the agency’s decision to end the investigation of Robinhood Crypto, without more measures. The Wells notice of the SEC alleged possible violations of the securities laws by the commercial platform. However, Robinhood said he had not violated any values ​​of values ​​and that he did not offer values ​​to users.

“This research should never have opened,” Gallagher added.

“Robinhood Crypto has always respected and will always respect federal values ​​of values ​​and never allowed values ​​transactions. As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closure of this investigation and we are happy to see a return to the rule of law and commitment to equity in the SEC ”.

The SEC has adopted a more cryptographic pro-innovation position since the departure of former President Gary Gensler. The appointment by President Donald Trump of pro-writing people in positions in the agency has helped this change, including the establishment of a working group on cryptocurrencies by the acting president Mark Uyeda.

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Representatives of the House of Representatives of Montana reject Bitcoin Reserve Law Project

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  • The Montana Representatives Chamber rejected the Bitcoin Reserve Bill.
  • The Bitcoin Reserve Law was aimed at $ 50 million in cryptocurrencies.
  • The Chamber claimed that there is a risk for taxpayers funds.

On February 22, 2025, the Montana Representatives Chamber rejected decisively The bill of the House of Representatives No. 429 a proposal that aimed to establish Bitcoin (BTC) as a state reserve asset.

The vote of 41 to 59 marked a significant setback for the defenders of the integration of the cryptocurrency in the financial strategy of Montana, highlighting a deep division on the role of digital assets in public finances.

Presented by representative Curtis Schomer at the beginning of February, the bill sought to diversify the state investment portfolio through the creation of a special income account.

This account would have allowed the State Treasurer to assign up to 50 million dollars for investments in stable currencies, precious metals and cryptocurrencies with a market capitalization of more than 750 billion dollars during the last year, a threshold that currently only reaches Bitcoin.

Supporters argued that such a measure could generate greater returns than investments in traditional bonds, positioning Montana as an actor with a vision of the future in the changing financial panorama.

Representatives of the House of Representatives of Montana are cautious about the risks involved

Despite having been approved by the Business and Work Committee of the House of Representatives on February 19 with a vote of 12 to 8, backed by the Republicans and rejected by the Democrats, the bill faced strong resistance during their Second reading in the camera.

Fiscal conservatives, including many Republicans, expressed concern about Bitcoin’s speculative nature, emphasizing the duty of the State to protect taxpayers’ money.

Representative Steven Kelly captured this feeling during the plenary session of the Chamber, declaring:

“It is still money from taxpayers and we are responsible for him. We need to protect it. These types of investments are too risky. ”

Representative Jane Gillette echoed these doubts, noting that the bill lacked clear guidelines on how the funds would be managed, while representative Bill Mercer warned that the history of dramatic bitcoin pricing oscillations made it an election reckless for public funds.

On the other hand, defenders such as the representative Lee Demming argued that the adoption of digital assets could safeguard Montana’s reserves against inflation and reinforce long -term financial growth, a perspective shared by Bitcoin defenders throughout the country.

The rejection of the HB 429 effectively kills the proposed for now, requiring that any future effort begins again in the Montana Legislature.

The US states press for Bitcoin reservations

Montana’s decision contrasts with a growing trend between US states that explore Bitcoin as a reserve asset. Approximately 24 states, including UTAH, Arizona, Oklahoma, Texas and Ohio, have introduced similar legislation, being the HB230 of UTAH that has achieved the greatest progress by allowing up to 5% of public funds to be invested in digital assets.

At the national and world level, the impulse to Bitcoin reserves is gaining ground, and countries such as Switzerland, Brazil, Japan and Russia also weigh the potential of cryptocurrency as a strategic asset.

Dennis Porter, executive director of Satoshi Action Fund, who collaborated with Montana legislators such as Schomer and Senator Daniel Zolnikov, expressed his disappointment with the Montana measure, but remained optimistic about the broader movement. He pointed out that Bitcoin’s decentralized structure and its limited offer make it an attractive coverage against economic uncertainty.

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