#SolanaSurge

$BTC is currently under the microscope as #JPMorgan analysts point to its recent struggle to attract safe-haven demand amidst market volatility. This contrasts with the significant inflows observed in gold ETFs, suggesting a divergence in investor sentiment during uncertain times.

Adding to the market's considerations is the situation in Arizona, where proposed crypto-friendly legislation (SB 1373 & SB 1025), which includes the creation of a Digital Assets Strategic Reserve Fund and the potential for direct state crypto holdings, has been temporarily halted. Governor Hobbs' commitment to vetoing bills until disability funding concerns are addressed has put these initiatives on hold.

From a technical perspective, $BTC has been trading within a tight range for approximately two weeks, establishing strong support around the $83,000 level and facing resistance just above $85,000. This prolonged consolidation, despite the inherent volatility of the current period, hasn't yet indicated an imminent breakout. With the weekend approaching, some downward pressure within this range could be anticipated.

On a positive note for the broader ecosystem, $Sonic blockchain has impressively reached $1 billion in Total Value Locked rapidly. Furthermore, the supply of $USDT on the $TRX network has now exceeded $50 billion, highlighting its continued growth.