Bitcoin (BTCUSD) dropped below the $86,200 and $85,500 support levels, reaching a low of $83,171 before rebounding. It has since recovered above the 50% Fibonacci retracement level of the recent downtrend.
In Arizona, SB 1025 authorizes the state to allocate up to 10% of its treasury funds into Bitcoin. Meanwhile, SB 1373 allows for up to 10% of seized digital assets to be reinvested.
