Huobi BTC USD Price & Performance (HBTCUSD)

Arizona has successfully advanced its Strategic Bitcoin Reserve Bill, clearing the final committee review. This legislative move led to a 2.3% surge in Bitcoin's price, reaching $72,150. Trading volumes across major exchanges spiked by 15%, and on-chain activity reflected a 10% increase in active addresses, signaling heightened market engagement.1

A downturn in consumer sentiment has tightened crypto liquidity, causing increased volatility. Bitcoin rebounded 3% from $62,000 to $63,900 within an hour, while Ethereum dropped 2% to $3,528. Altcoins like Cardano and Solana faced steep declines in trading volumes. Technical indicators suggest cautious trading as bearish trends persist.2

The U.S. stock market's recent rally has positively influenced cryptocurrencies. Bitcoin broke through $76,000 resistance, while Ethereum surpassed $3,800. Trading volumes and active addresses for both assets surged, supported by bullish technical indicators like MACD crossovers and strong RSI readings, signaling sustained upward momentum.3