Satoshi

Solana

2024

Bitcoin

when

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 <p class="paragraph">In 2024, there have been many news and attention-worthy developments when it comes to Bitcoin (BTC) and the broader crypto market.</p>
 <p class="paragraph">The years started with the approval of nine spot BTC exchange-traded funds (ETFs), saw the world’s premier cryptocurrency hit a new all-time high, and even offered several massive bloodbaths followed, for the most part, by recoveries that are just as impressive.</p>
 <p class="paragraph">In early April, most eyes are turned toward the upcoming BTC halving but, throughout this time, another quiet yet important battle has been fought – and mostly won – by the greater crypto community: the fight to safeguard the people’s right to engage with Bitcoin.</p>
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 <p class="paragraph">The most recent triumph came in Louisiana where the state’s House of Representatives voted unanimously in favor of the bill – introduced in early March by Mark Wright and supported by the Pelican Institute – designed to ensure the individual rights to trade, self-custody, and mine Bitcoin.</p>
 <h2 class="wp-block-heading" id="h-a-deluge-of-bitcoin-bill-victories-in-the-u-s">A deluge of Bitcoin bill victories in the U.S.</h2>
 <p class="paragraph">The phenomenon is far from confined to Louisiana and, indeed, the state was the 11th in the nation to introduce such a bill.</p>
 <p class="paragraph">In recent months, similar Bitcoin-guarding rights have been introduced – and generally passed – in Missouri, Nebraska, Mississippi, and multiple others, mostly with the participation of a cryptocurrency advocacy group called the Satoshi Action Fund.</p>
 <p class="paragraph">Along with guaranteeing the right to mine, trade, and hold Bitcoin, many of the laws are also concerned with preventing the levying of additional – generally punitive – taxes on BTC mining operations as well as with clearly defining the relevant terms.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-chart">Bitcoin price chart</h2>
 <p class="paragraph">The recent Bitcoin-protecting bills come in tandem with a massive surge in the price of the coin which arguably had its origin in October 2023. As it stands, the last 52 weeks saw BTC rise 136.81%, and the last 6 months – highlighting the impact of the two-quarter rally – 143.40%.</p>
 <p class="paragraph">Bitcoin has also been going strong in 2024 as it is up 62.39% since January 1.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/73WxWL2Rzl9W0SZnIoLs-eijSXrk-ct96yPjBNL2veyFFINricP5SvCe0uQOZdoZVePty9N3BBWOJe9kBW4EY32n7b9KtiisM_eqT3UoG_VSlB7SzovcRbm8XDiriTlsdKHiOvwl8ZvKob7PMvseGSo" alt>
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   BTC 24-hour price chart. Source: Finbold
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 <p class="paragraph">Bitcoin price today, however, showcases the recent slowdown as the last 24 hours saw the cryptocurrency rise only 0.71% to $66,720. The correction is even more visible on the weekly chart – in which BTC is down 6.34%.</p>
 <p class="paragraph">Still, it is noteworthy that Bitcoin reached and briefly held a new all-time high near $73,000 within the last 30 days of trading.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-scores-landslide-victory-in-louisiana-tbt84529.html">https://thebittimes.com/bitcoin-scores-landslide-victory-in-louisiana-tbt84529.html</a></p>

Bitcoin scores landslide victory in Louisiana

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TheBitTimes

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