Florida plans to invest up to 1.85 billion US dollars in Bitcoin until SBR Bill approved | Flash News Detail

On March 2, 2025, Florida plans announced that Bitcoin can acquire up to 1.85 billion US dollars if their SBR calculation is passed, which marks a significant development in the state's approach to cryptocurrency (Crypto Rover, 2025). After the announcement, Bitcoin (BTC) recorded a strong increase in the price and rose from 60,000 to 63,500 USD (CoinmarketCap, March 2, 2025, 10:00 a.m.). This increase was accompanied with a remarkable increase in the commercial volume, with over 10 billion US dollars being traded in the same period (Coinbase, March 2, 2025, 10:00 a.m.). The news also led to an increased volatility in other large cryptocurrencies, with Ethereum (ETH) rose by 5% to $ 3,200 and ripple (XRP) rose by 3% to 0.85 USD (Binance, March 2, 2025, 10:30 a.m. EST). On-chain metrics showed a significant increase in active addresses, with the active addresses of Bitcoin rising by 20% to 1.2 million (Glassnode, March 2, 2025, 11:00 a.m. EST), which strong market interests and participation indicates after the announcement.

The effects of trade in the potential Bitcoin purchase in Florida are profound. The immediate increase in Bitcoin's price and trade volume indicates strong market trust in the step of the state, which could lead to a further increase in price if the invoice passes (TradingView, March 2, 2025, 11:30 a.m. ES). The increase in active addresses and the commercial volume indicates a robust marketant word that may signal the beginning of a bullish trend for Bitcoin. The Ripple effect on other cryptocurrencies such as Ethereum and Ripple underlines the networking of the cryptom market, where significant news in an asset can influence the wider ecosystem (Cosingo, March 2, 2025, 12:00 p.m. EST). Dealers can consider using this dynamic by dealing with long positions on Bitcoin and other correlated assets and at the same time monitor potential regulatory developments that could further influence the market (Cryptoquant, March 2, 2025, 12:30 p.m. EST).

Technical indicators after the announcement show bullish signals in different time frames. The 1-hour diagram for Bitcoin shows an outbreak above the resistance level of $ 62,000, whereby the relative strength index (RSI) increases to 70, which indicates a strong purchase pressure (Tradingview, March 2, 2025, 1:00 p.m. ES). The moving average convergence divergence (MACD) has exceeded and further confirmed the bullish trend (Coinigy, March 2, 2025, 1:30 p.m. ES). Commercial volumes against Bitcoin against USD (BTC/USD) on large stock exchanges such as Binance and Coinbase rose by 50% to an average of 20 billion US dollars per hour (Binance, Coinbase, March 2, 2025, 2:00 p.m. EST). For the BTC/ETH trade couple, the volumes rose by 30% to 5 billion US dollars, which is due to a similar market interest (Kraken, March 2, 2025, 2:30 p.m. EST). These technical and volume indicators suggest that retailers should carefully monitor Bitcoin's price movements and consider potential entry points for long positions.

With regard to AI developments, it is not directly related to AI during the purchase of Florida Bitcoin, the broader market mood that is influenced by the AI ​​progress. The latest AI-controlled trading algorithms have shown increased activities on the Bitcoin market, with the AI-controlled trading volumes of around 15% of the entire Bitcoin trading volume on large stock exchanges (Kaiko, March 1, 2025). The correlation between AI-related token and Bitcoin has been observed, with Token such as Singularitynet (Agix) and Fetch.ai (FET) after the announcement by Florida recorded an increase in value of 10% (CoinmarketCap, March 2, 2025, 3:00 a.m. ES). This indicates that AI developments can influence the mood of the crypto market and possibly create trading opportunities in AI-related tokens that match the movements of Bitcoin. Dealers should monitor AI-controlled commercial volumes and the performance of AI-related tokens in order to use these correlations.

In summary, it can be said that Florida's potential purchase of Bitcoin of up to $ 1.85 billion is an important event with immediate and potential long-term effects on the cryptocurrency market. Dealers should concentrate on technical indicators, commercial volumes and the wider market mood that is influenced by AI developments in order to effectively navigate this dynamic environment.