$BTC Today 3 Major News

(1) Last night's Federal Reserve meeting, Powell said "let's wait and see"

Maintaining interest rates unchanged in May, it's very likely that there will be no rate cut in June either.

Not very favorable for the crypto market; just as some brothers were disappointed and sold BTC, it dropped to $95800.

But why did BTC surge sharply again at 4 AM? Mainly two major news.

(2) Texas Bitcoin Reserve Bill Passed

But it still needs to go through the final full voting stage in the Texas legislature.

The news on whether it will pass will be announced within 3 weeks.

The probability of Texas passing it in 3 weeks is greater than 70%.

In yesterday's analysis, we mentioned that

New Hampshire became the first state in the U.S. to pass a strategic BTC reserve law.

Other states in the U.S. will follow suit; as long as 5 states join,

that's an annual buying power of 5 billion dollars.