A widely followed crypto analyst says the future of Bitcoin (BTC) remains unclear as the markets continue to display heightened volatility.

Bitcoin's price teetered between $88,204 to $89,251 on March 6, 2025 at 3 p.m. ET, caught in a volatile tug-of-war between bulls and bears as its $1.74 trillion market cap faced a critical test. With a 24-hour trading volume surging to $46.

On-chain data shows the Bitcoin Hashrate has made some notable recovery recently, a sign that optimism may be returning among the miners.

Bitcoin's upside appears to be capped by recession risks, geopolitics and investors' anxiety over Friday's crypto summit at the White House

Smaller Bitcoin investors increased significantly, while whales reduced holdings slightly.

Cryptocurrency markets are trading mostly sideways on Thursday as the Texas Senate passed a strategic Bitcoin reserve bill, which now advances to the House. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $88,486.05 -1.5% Ethereum (CRYPTO: ETH) $2,200.97 -0.7% Solana (CRYPTO: SOL) $143.60 -0.96% XRP (CRYPTO: XRP) $2.58 +3.4% Dogecoin (CRYPTO: DOGE) $0.2006 -1.5% Shiba Inu (CRYPTO: SHIB) $0.00001327 +0.02% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.6% and daily active addresses falling by 0.9%.

Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet.

What's next for BTC amid Mt Gox $1B BTC move and Trump crypto summit?

Bitcoin Magazine Texas Strategic Bitcoin Reserve Bill Passes The Senate In a vote of 25-5, Texas' bitcoin reserve legislation has been approved by the Senate. It will now advance to the House. This post Texas Strategic Bitcoin Reserve Bill Passes The Senate first appeared on Bitcoin Magazine and is written by Nik.

Sacks' message came on the eve of the White House's first crypto summit, where Bitcoin is expected to feature prominently on the agenda.

Amid national chatter, the state of Texas edged closer to establishing its own Bitcoin reserve Thursday with a bill passing the Senate.

Changpeng Zhao, who co-founded the world's largest crypto exchange Binance, and was its CEO until late 2023, also known as CZ, has taken to his account on the X platform to comment on the progress made by Bitcoin ETFs.

Real Vision's chief digital assets analyst Jamie Coutts believes Bitcoin (BTC) is gearing up for a massive breakout after weeks of volatility.

The Texas Senate passed a bill on March 6 to create a Bitcoin and cryptocurrency strategic reserve.

Stocks and crypto have been battered by the president's push to tax goods from America's largest trading partners.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Texas Senate has just voted in favor of a strategic Bitcoin reserve bill (SBR). The bill (SB21) has passed in a 25-5 vote.

Bhutan has quietly amassed nearly $1 billion in bitcoin reserves through sustainable hydroelectric mining, using the cryptocurrency to fund public services and positioning it as a strategic financial model for nations grappling with economic instability.

Bitcoin is currently trading at $90,800 after a strong 13% rebound from the $81,000 level, as bulls attempt to regain control of price action. After days of volatility and uncertainty, Bitcoin's recovery has renewed optimism in the market, but traders remain cautious as BTC faces key resistance levels.

Bitcoin is hardly giving bullish cues despite a BTC reserve potentially being announced by the US within 24 hours.

Mt. Gox is moving its Bitcoin again. On Thursday, the long-defunct crypto exchange moved over $1 billion worth of Bitcoin to an unmarked address.

The Trump-backed World Liberty Financial also revealed plans to hold Sui, sending the price of that token surging Thursday.

Michael Saylor sees the Crypto Summit as key to making Bitcoin the U.S. reserve asset. Industry leaders at the Crypto Summit will discuss regulations and crypto adoption.

White House crypto czar David Sacks claimed Thursday that the federal government's lack of a "long-term strategy" on cryptocurrency has negatively impacted American taxpayers.

Bitcoin derivatives traders are ramping up leveraged positions and boosting open interest ahead of Friday's White House Crypto Summit.

Banking behemoth JPMorgan expects Bitcoin to remain under pressure in the near future, CNBC reports.

Bitcoin and the altcoins selected for the US crypto strategic reserve could stay range-bound in the short term, barring a blockbuster announcement on March 7.

China's economic stimulus measures and Friday's highly anticipated White House Crypto Summit helped the cryptocurrency enter $90K territory. As Bitcoin Tops $90K, All Eyes Turn to White House's High-Stakes Crypto Summit Bitcoin traded as high as $92,804.

As new details unfold, Bitcoin may see volatility, creating breakout or pullback opportunities.

"Bulls are stepping in to defend key support levels," Ali Martinez claimed.

In a surprising turn of events, Democrats in Washington DC are increasingly embracing Bitcoin, according to Dennis Porter, president and co-founder of Satoshi Action Fund. Porter, a key figure behind efforts to establish strategic bitcoin reserves in over 30 US states, believes that the decentralized nature of Bitcoin aligns well with core Democratic values.

Crypto analyst Master Ananda has asserted that the bottom is in for the Bitcoin price following its massive crash below $80,000 last week. In line with this, the analyst revealed what to expect next from the flagship crypto.

Former U.S. President Donald Trump's decision to expand the country's crypto reserves by adding XRP, Solana (SOL), and Cardano (ADA) alongside Bitcoin (BTC) and Ethereum (ETH) has stirred up the cryptocurrency community.

Bitcoin price wavered on Thursday as investors embraced a risk-off sentiment amid the ongoing trade war between the U.S. and its top trading partners.

Crypto exchange Crypto.com's market data will soon be integrated into real-time indices and reference rates for Bitcoin and Ethereum markets. This comes as CF Benchmarks, a crypto indices provider regulated by the United Kingdom's Financial Conduct Authority, has added Crypto.

Sacks faced scrutiny over potential conflicts of interest but confirmed he sold his crypto assets before joining the Trump administration.

Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) are showing signs of stabilization after recent volatility. Bulls are attempting to regain control, with BTC bouncing off key support, ETH testing critical levels, and ADA showing resilience despite market pressure.

Russian Deputy Finance Minister Vladimir Kolychev's statement on Wednesday that Bitcoin (CRYPTO: BTC) will not be included in the National Wealth Fund mirrors President Vladimir Putin's historically cautious approach to cryptocurrency. What Happened: Kolychev, speaking to Interfax on Wednesday, confirmed that the country's national wealth fund will maintain its focus on gold and yuan, with allocations of up to 60% in yuan and 40% in gold, explicitly rejecting Bitcoin due to its volatility.

The Japanese context and future prospects

The crypto market is uneasy as fear is creeping in, reflected in CoinMarketCap's index sitting at 30/100, a clear sign of bearish sentiment among traders. Yet, something unexpected is happening.

Pi Network remains in a price-discovery phase after its recent mainnet launch. After initially rising to $2.98 on February 28, the token has crashed to $1.8, mirroring the price action of other altcoins.

The highly anticipated White House Crypto Summit could bring game-changing developments for Bitcoin.

The U.S. Federal government sold roughly 195,000 Bitcoin over a decade, pocketing an estimated $366 million from criminal seizures like Silk Road.

Bitcoin (BTC) has been experiencing high volatility in recent trading as investors have proved exceptionally reactive to rumors and news.

On March 6, the company announced that it had started purchasing BTC. It is joining a growing number of traditional finance companies incorporating Bitcoin into their portfolios.

According to a March 6 report by The Korea Herald, South Korea's Democratic Party has indicated that it could revamp the country's crypto policy.

BlackRock's Bitcoin holdings are up as the crypto market extends its recovery in Thursday's trading session. According to blockchain analytics platform Lookonchain, on March 6, the group of 10 Bitcoin ETFs saw a positive net inflow of 80 BTC worth $7.22 million, with BlackRock's iShares Bitcoin ETF leading the charge.