Bitcoin News: U.S. States Embrace Cryptocurrency with New Bills and Reserve Investments

US States Push Bitcoin Bills to Boost Reserves and Crypto Mining

In March 2025, U.S. states are showing a strong push to adopt cryptocurrency as part of their financial systems. Lawmakers across the country are proposing and passing bills that support crypto mining, Bitcoin reserves, and digital asset investments. Kentucky made major progress on March 24 when the governor signed the “Blockchain Digital Asset Act” (HB701) into law, offering benefits to crypto mining companies. The state, with access to energy from coal and hydropower, is positioning itself as a major mining hub and currently holds 11% of the total U.S. Bitcoin hashrate. North Carolina is also taking bold steps by introducing three bills related to cryptocurrency.

French Investor’s 580 BTC Purchase Yields Unprecedented 709.8% Return

A French investor’s Bitcoin purchases have been making headlines lately. The Blockchain Group, based in Puteaux, France, recently acquired 580 BTC for approximately €47.3 million through its subsidiary. This investment has positioned the company as Europe’s leading Bitcoin treasury operation, delivering extraordinary returns. The Bitcoin purchase was made at an average price of around €81,550 per Bitcoin, increasing their total holdings to about 620 BTC.

Bitcoin Short-Term Holders Face Increasing Financial Pressure

Bitcoin short-term holders are experiencing growing financial strain amid challenging crypto market conditions, according to Glassnode analytics. The platform revealed that these holders are under pressure, while there is a shift towards long-term holder accumulation. Coin Metrics also reported that the share of supply held by long-term holders has risen to around 63%, highlighting Bitcoin’s evolution into a store of value and reserve asset.

Russian Economist Warns of 50% Bitcoin Crash Amid Market Volatility

Russian economist Valentin Katasonov has warned of a possible 50% crash in Bitcoin amid rising cryptocurrency market risks and volatility concerns. Katasonov, who serves as the Chairman of the S. F. Sharapov Russian Economic Society, has labeled Bitcoin reserves a ’time bomb’ and cautioned against Russia developing national Bitcoin reserves, comparing such initiatives to inflating bubbles in the economy.

Analysts Warn Bitcoin’s Recent Rally May Be Short-Lived

Analysts are warning that Bitcoin’s recent upward momentum may not last long despite a brief uptick. According to BeInCrypto, Bitcoin’s price has recovered by 2.0% over the past week and appreciated by 5.0% over the fortnight. At the time of writing, the largest cryptocurrency traded at $87,381, representing a slight 0.1% dip over the past day. Spot Bitcoin ETFs have also seen inflows for nine consecutive days, attracting $944 million in inflows since last Friday, suggesting growing confidence among institutional investors. However, analysts remain unconvinced of the rally’s potential.