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.

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.

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.

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.

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.

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

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.

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.

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.

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.

On March 9, 2025, bitcoin's (BTC) price dipped to an intraday low of $80,000, a 6.6% drop against the greenback. At press time, 7:35 p.m. ET on Sunday, the price remains near the $80,500 level, carrying a market cap of roughly $1.59 trillion.

Robert Kiyosaki warns that a massive market crash has begun, potentially devastating the financial futures of millions of baby boomers. He urges investors to turn to bitcoin as a safeguard.

President Trump acknowledged that some of his policies will cause pain in the short term.

Bitcoin and Ethereum extend losses as traders digest Trump's Strategic Bitcoin Reserve order and a wave of U.S. trade tariffs.

Bitcoin, the world's largest cryptocurrency by market value, was down by around 5.47% at $81,555 at 2216 GMT on Sunday.

Trump's crypto policies, including a strategic bitcoin reserve, have marked a shift, but VCs say key regulatory steps are still needed.

Popular altcoins like Dogecoin and Cardano each dropped by more than 10% on Sunday before recovering slightly.

Bitcoin (BTC) is struggling below the $90,000 level, hovering slightly above $85,000, a key support zone that bulls must hold to avoid further downside.

A widely followed cryptocurrency analyst suggests that Bitcoin (BTC), Ethereum (ETH), and altcoins could be forming the bull trap that would soon lead to a bearish trend. The analyst, known as Capo, posted his analysis on his social media page on X, stating that the cryptocurrency market may soon rise.

Bitcoin must stay above $82K to avoid $1.13 billion in liquidations and increased volatility following Bitcoin reserve Investor sentiment weakened after Trump's Bitcoin reserve plan excluded new BTC purchases. Upcoming U.S. economic data, including CPI and job reports, could impact Bitcoin's price.