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#BTCNEWS📢📢📢 MARA Holdings CEO Fred Thiel has revealed plans to implement a Strategic Bitcoin Reserve across all 50 US states and the Federal Government.

The initiative aligns with recent legislation introduced in 11 states, including Florida and Wyoming, aiming to bolster Bitcoin adoption.

Jayson Browder, MARA’s SVP, emphasized their commitment to supporting Bitcoin advocacy groups and collaborating with the government.

Meanwhile, Coinbase CEO Brian Armstrong endorsed the idea, suggesting Bitcoin reserves could influence global adoption. Bitcoin’s price responded positively, climbing 3% in the past 24 hours to $105,681, signaling growing market optimism.

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The cryptocurrency market lost $320 billion in the last 24 hours, with the aggregate market capitalization dropping 10% to $3.2 trillion on Wednesday.

BTC price has declined by 3%, plunging as low as $94,200 despite $52 million Bitcoin ETF inflows.

Ripple and Chanilink have partnered to launch multi-chain access for the RLUSD stablecoin

Bitcoin Market Updates: BTC plunges by another 3% despite strong ETF demand

Bitcoin (BTC) plunged by another 3% on Wednesday, with prices sliding towards $93,700 at the time of publication.  

Bitcoin ETFs defy bearish sentiment as they recorded $52 million inflows on Tuesday, bringing the weekly intake to $1.04 billion. 

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