Ohio House Passes Blockchain Basics Act, Bitcoin Staking Innovation Boosts Demand

Bitcoin (BTC) is currently trading at $104,341, with a daily volume of $39.9 billion. The market is in a consolidation phase, but momentum is building. As state-level crypto policies evolve and DeFi integration grows, the foundations for a price breakout are being laid. The circulating supply of BTC is nearing 19.88 million, and scarcity is a bullish driver. Beyond supply and demand theory, real-world catalysts are providing traders with new reasons to remain long.

The Ohio House of Representatives has passed the Blockchain Basics Act (68–26), which provides new protections for crypto users and miners. The act includes a $200 tax exemption on capital gains for crypto transactions, a ban on interference with self-custody wallets, and mining protection from discriminatory zoning laws. If passed by the Senate, Ohio would lead U.S. states in progressive crypto regulation. This clarity is bullish as it reduces friction for adoption and provides a model for others to follow. Miners, developers, and retail traders are likely to benefit from the more favorable legal landscape, which could drive Bitcoin demand over time.

In a notable move for BTCFi, Kraken has partnered with Babylon Labs to offer native Bitcoin staking, with no wrapping, bridging, or lending required. Using Babylon’s protocol, users can stake BTC and earn BABY tokens while their funds are secured on the Bitcoin network itself. This has several bullish implications: it reduces the circulating BTC supply, providing long-term price support; it shows BTC utility beyond store of value; and it grows the ecosystem liquidity as institutional BTCFi participation increases. As more Bitcoin is locked for staking and institutions explore yield strategies, BTC’s role in decentralized finance is maturing rapidly.

On the 2-hour chart, BTC is coiling within a classic ascending triangle, forming higher lows with horizontal resistance near $105,000. The 50-EMA at $105,252 acts as a dynamic ceiling. Momentum indicators suggest a breakout may be imminent. The trade setup to watch includes an entry point of a break above $105,500 with a strong candle, targets of $107,200 and then $108,351, and a stop-loss below the trendline at $103,400. The MACD is flat, awaiting confirmation, and candlesticks show multiple doji and spinning tops near resistance.

BTC is consolidating at a critical resistance zone, while real-world catalysts, like regulatory clarity and staking innovation, boost confidence. A breakout above $105,500 could trigger a fresh leg higher in Bitcoin’s 2025 bull run. With BTC trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,249,360 out of its $8,290,897 cap, leaving less than $1 million before the next token price hike. The current price of $0.00257 is expected to increase once the cap is hit. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority, and Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering no lockups or fees, full liquidity, and stable passive yields, even in volatile markets. This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.