With the approval of a bill, the state of Utah becomes the second U.S. state to add Bitcoin (BTC) to its strategic reserves. More states are expected to follow this trend. Utah is set to become the second state in the U.S. to pass the Bitcoin strategic reserve bill after Arizona. The bill is now awaiting final signature and, upon approval, will become law. Approximately 11 other states in the U.S. are looking to add Bitcoin to their strategic reserves, with many intending to allocate 10% of their budget to this asset. South Dakota has also begun a similar process inspired by Arizona. Meanwhile, market data shows that Bitcoin is in a corrective phase, with its price reaching $102,640 with a 0.39% decrease in the last 24 hours. The digital currency has dropped by 2.23% in the past 7 days but has seen a 9.55% growth in the last 30 days. Alongside Bitcoin, discussions have arisen about the possibility of adding Ripple (XRP) to America’s strategic reserves. The crypto community is divided on this matter; some believe that adding other digital assets could have serious negative consequences. Amidst this, experts see the recent Bitcoin price drop as a buying opportunity. MicroStrategy recently added 10,107 Bitcoins to its assets, and Metaplanet announced plans to attract several hundred million dollars for Bitcoin purchases. You can track the live prices of all tokens and cryptocurrencies on the Momentary Digital Currency Price page.
