Price Increase Driven by $BTC : After the announcement of the bill's passage, the price of Bitcoin surged. The Arizona legislature passed a bill allowing up to 10% of public funds to be invested in Bitcoin and digital assets. Following this news, the current trading price of Bitcoin approached $95,000, a 25% increase from the low point in early April.

• Enhanced Market Confidence: This bill makes Arizona the first state in the U.S. to include Bitcoin in its state strategic reserves, demonstrating local government recognition of Bitcoin. This has provided market participants with positive signals of Bitcoin's acceptance in mainstream finance, boosting investor confidence in Bitcoin and attracting more investors, thereby driving up the price.