đď¸ 1. Texas Launches Strategic $BTC Bitcoin Reserve
Texas Governor Greg Abbott signed Senate Bill 21, establishing the Texas Strategic Bitcoin Reserveâa state-managed fund holding Bitcoin outside the general treasury. The move aims to bolster financial resilience and hedge against inflation .
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đź 2. Michael Saylor Hints at Major BTC Buy Amid Q1 Lawsuit
Michael Saylor, chair of MicroStrategy, teased another Bitcoin purchase this week after spot prices dipped below $100K. His firm faces a lawsuit over a $5.9âŻbillion Q1 loss .
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đ 3. Geopolitical Tensions Trigger $1B Crypto Liquidations
Geopolitical shocksâparticularly U.S.âIran tensionsâsparked a market-wide liquidations of over $1âŻbillion in crypto positions, with nearly 240,000 traders affected. Bitcoin briefly dipped under $100K, and Ether fell more than 10% .
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đ Quick Market Snapshot
Bitcoin dropped below $99Kâ$100K, marking a ~4% loss on risk-off sentiment .$BTC
Ethereum plunged around 10% to the $2,200â$2,250 range .$ETH
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These developments reflect broader macro pressure like geopolitical risk and institutional involvement, driving both volatility and accumulation strategies.