The original bill proposed the state treasurer to invest up to 5% of certain public funds in crypto with a market cap above $500 billion.

Bitcoin has been experiencing a sustained downtrend despite maintaining a broader macro-bullish outlook. While long-term projections remain positive, short-term weakness suggests BTC may continue to face selling pressure.

The cryptocurrency market faced a sharp sell-off on Monday, with Bitcoin plunging to an intraday low of $80,000 and Ethereum shedding nearly 6%. The downturn comes despite recent pro-crypto developments in the US, including Donald Trump's announcement of a strategic Bitcoin reserve.

BBVA (BME:BBVA), one of Spains largest banks, has received regulatory approval to provide Bitcoin (BTC) and Ethereum (ETH) trading services in the country. The bank announced on Monday that Spains securities regulator, the CNMV, has cleared its application, paving the way for the launch of crypto trading services via its mobile app.

XRPs price recovery is facing serious challenges following a massive 730 million token outflow from the networks payment volume. This sharp decline in transactional activity has cast doubt on the assets ability to sustain upward momentum, reflecting waning investor confidence.

Bitcoin, the worlds largest cryptocurrency, tumbled 5.47% to $81,555 at 22:16 GMT on Sunday, reflecting heightened volatility in the digital asset market. Ether, the second-largest cryptocurrency, also saw a sharp decline of 5.4%, falling to $2,024.68 at 22:22 GMT.

Bitcoin (BTC) closed the week down 10.66%, failing to meet market expectations following the launch of the Strategic Bitcoin Reserve. While predicting BTCs next move with certainty is impossible, technical indicators like Bollinger Bands provide valuable insights.

Bitcoin (BTC) is rapidly evolving from a speculative asset to a strategic financial instrument, with industry experts projecting a market cap exceeding $20 trillion within a decade. According to Bitwise CIO Matt Hougan, institutional confidence in Bitcoin has never been higher, bolstered by the formation of the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile.

XRP saw a sharp decline on Sunday, falling 10.28% to $2.1065 by 13:57 (17:57 GMT) on the Investing.com Index. This marks its steepest one-day drop since March 3, pushing its market cap down to $124.75 billion, or 4.62% of the total cryptocurrency market.

Michael Saylor proposed a bold strategy for the US government to acquire up to 25% of Bitcoin's total supply by 2035.

BTC's price is down by double digits on a weekly scale.

BBVA had been working on allowing crypto trading services since 2020.

Bitcoin has had a rough start to the week, hanging to just above $80,000 on March 10. BitMEX co-founder Arthur Hayes warns that BTC could soon retest $78,000, and if that level fails, $75,000 will be the next target.

Bitcoin fell 4% to $80,123 on Monday as investors reacted to US-led trade tariffs and Trump's Bitcoin Reserve order, driving broader market losses. The post Bitcoin Drops to $80K as Market Sees Widespread Sell-Off Over Trump's Economic Policies appeared first on Cryptonews.

Ether's price now trades below a trendline that starts from the low registered after the crash of Terra in 2022.

Mike McGlone, senior commodity strategist at Bloomberg, has predicted that the price of Bitcoin might potentially plunge to $70,000.

Spanish banking heavyweight Banco Bilbao Vizcaya Argentaria SA (NYSE:BBA), better known as BBVA, said Monday it secured regulatory consent to launch trading services for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the country.

The Central American nation acquired an additional 6 BTC on Sunday, boosting its total holdings to 6,111.18 BTC.

The broader crypto market continues to experience heightened volatility, causing a robust sharp drop in Bitcoin's price below the $85,000 mark after witnessing a slight upward push in the previous week.

Ethereum is a decentralized blockchain platform that enables programmable contracts, the creation of digital currencies, and applications, reshaping industries from finance to art through innovation and automation. Understanding Ethereum's Foundation Ethereum, proposed in 2013 by programmer Vitalik Buterin and launched in 2015, builds on Satoshi Nakamoto's blockchain technology but expands its capabilities beyond peer-to-peer payments.

Bitcoin price has crashed by another 4.5% taking a dip to $80,350 levels as market sentiment turns bearish just ahead of the US CPI data release this week. The overall crypto market crash over the last 24 hours has eroded more than $170 billion of investors' wealth with market analysts predicting more pain ahead.

The crypto market is going through a rough patch as traders react to tariff and Trump's Bitcoin Reserve order. Bitcoin has dropped by 4.8% to $81,729, while Ethereum has taken an even bigger hit, falling 8% to hover around $2,000. Dogecoin is the biggest loser among the top 10 cryptos, sliding 13% to $0.16.

Utah's Bitcoin bill passed the Senate, but lawmakers removed a provision for a state-held Bitcoin reserve. The post Utah's Senate Approves Bitcoin Bill — But Strips Out Investment Clause appeared first on Cryptonews.

Spanish bank BBVA said on Monday it received approval from the country's securities regulator to offer bitcoin and ether trading services in Spain.

Crypto Market Today (March 10): Bitcoin & Ether price actions on Monday set off a tidal wave of market concerns despite recent pro-cryptocurrency advancements in the U.S. Notably, BTC price backtracked to touch a $80K low intraday, whereas ETH price lost nearly 6%. Traders and investors are left jittering as even major-league altcoins Solana and

Real Vision analyst Jamie Coutts says Bitcoin is playing a “high-stakes game of chicken” with central banks, giving it a cautious outlook.

The removed part would have let Utah's treasurer invest state funds in digital assets, possibly creating a state-run Bitcoin reserve.

Treasury Secretary Howard Lutnick is dismissing warnings that Trump's trade policies will drive economic growth, as a BTC chill hits the markets.

In an effort to mock President Donald Trump's declaration, renowned economist Peter Schiff declared his own Strategic Bitcoin (CRYPTO: BTC) Reserve on Friday, promising not to sell any of it. What Happened: Schiff took to X to explain the structure of the reserve.

ETH demonstrated strong resilience, always rebounding from past downturns.

Arthur Hayes previously predicted Bitcoin could fall to $70,000, while 10x Research analysts has called it a “textbook correction.”

The global crypto market is witnessing a market downturn and Ripple (XRP) is among the established projects that is losing the momentum it had late last year. However, a new RWA and AI-altcoin is gaining traction and it is expected to be the next big thing in crypto.

Bitcoin price started a fresh decline from the $92,000 zone. BTC is back below $85,500 and might continue to move down below $80,000.

On Mar. 10, Bitcoin's price dropped to $80,052, reflecting a 7% decline over the past 24 hours, as uncertainty surrounding Trump's economic policies continues to impact the market. As of this writing, Bitcoin is trading at around $82,200.

Market participants remain on edge as Solana navigates a critical juncture.

A leading potential candidate in the forthcoming South Korean presidential elections has outlined his crypto policies, stating that the nation should deregulate crypto and approve Bitcoin ETFs. The post South Korean Presidential Hopeful Han Calls for Bitcoin ETF Approval, Crypto Deregulation appeared first on Cryptonews.

Canada's new prime minister, Mark Carney, once said recreating a virtual global gold standard like Bitcoin “would be a criminal act of monetary amnesia.”

This week, the crypto community has been engaged in discussions regarding President Trump's newly established Strategic Bitcoin Reserve alongside a U.S. Digital Asset Stockpile. The development follows Trump's disclosure on Truth Social the weekend prior that XRP, SOL, and ADA would join the mix. The peculiar detail is that the U.S.

Bitcoin's price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve. Bitcoin is currently trading at $80,909, down over 6% in the past day.

Ethereum's rough patch is expected to continue into the future, exacerbated by Bitcoin and Solana functionalities. Ordinals co-founder Casey Rodarmor noted that Bitcoin's prestige and Solana's speed could be the final nail in Ethereum's coffin.

Cryptocurrency prices fell on Monday as volatility in prices continued after an executive order signed by President Donald Trump to create a U.S. strategic bitcoin reserve disappointed investors.

XRP slumps amid SEC appeal uncertainty and Trump's crypto reserve pivot. Can regulatory clarity drive a recovery past $3.55?

Ripple's CEO praised the Trump administration's embrace of crypto, highlighting support for regulatory clarity, crypto reserves, and digital asset innovation backed by U.S. Treasuries.

The country's financial experts and opposition lawmakers proposed adding crypto to a national stockpile Wednesday, as the U.S. pushes ahead.

The aggregated amount of Bitcoin held by whales has dropped to a 6-year low.

Utah lawmakers have passed a Bitcoin bill after amending it to remove a section that would have authorized the state treasurer to invest in Bitcoin.

Bitcoin just collapsed to $80,000, wiping out over $200 billion from the crypto market in one of the worst single-day crashes over the past year, according to data from CoinGecko. Ether also crashed, tumbling below $2,000 to trade at $1,992, a level we haven't seen in over six months.

Recent data shows a 730 million XRP outflow from the network's payment volume, which has greatly hampered XRP's price recovery. The asset's capacity to sustain upward momentum is called into question by this drop in transactional activity, which indicates waning investor confidence.