New Hampshire Eyes Bitcoin Investment for State Funds; Bill Advances, Market Watchers React

• New Hampshire’s House Commerce and Consumer Affairs Committee passed House Bill 302. 
• With a 16-1 vote, the bill allows investments in crypto coins with a market cap of at least $500 billion.
• Bitcoin reclaimed the 20-day Exponential Moving Average (EMA) which now acts as a major support level.

Bitcoin once again captured the attention of United States state finances as New Hampshire’s House Commerce and Consumer Affairs Committee advanced House Bill 302 (HB 302). 

The bill, which would allow the state treasurer to allocate up to 5% of public funds into Bitcoin and precious metals like gold, silver, and platinum, passed the committee with a strong 16-1 vote.

While the bill doesn’t specifically name Bitcoin, it permits investments in digital assets with a market capitalization of at least $500 billion. Given Bitcoin’s $1.8 trillion market cap, it currently stands as the sole cryptocurrency that qualifies. The second-largest digital currency, Ether (ETH), has a valuation of $276 billion.

This development comes during increasing national support for Bitcoin reserves. Just recently, United States President Donald Trump endorsed the idea of a US Crypto …

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