Bitcoin Dips Below $80,000, New Hampshire Bill Allows 10% Fund Allocation to Digital Assets

Bitcoin (BTC) experienced a brief dip below $80,000 on Thursday, reaching a low of $78,452 before recovering to $79,592. The cryptocurrency has since surged, trading around $82,167 during the ongoing session, with analysts suggesting that BTC could have ended its recent downtrend and a rebound may be on the horizon.

The New Hampshire House has passed House Bill 302, which authorizes the state treasurer to allocate up to 10% of New Hampshire’s general fund towards certain digital assets and precious metals, including Bitcoin. The bill, which passed with a vote of 192-179, will now head to the Senate for further debate before potentially being signed into law by Governor Kelly Ayotte. To qualify for inclusion in the reserve, a cryptocurrency must have maintained an average market capitalization of at least $500 billion over a year, a criteria only met by Bitcoin. Supporters of the bill believe it could open up new avenues for revenue generation and financial diversification.

Bitcoin is maturing as a macro asset amid growing market turmoil, according to James Toledano, COO at Unity Wallet. BTC spent weeks moving in tandem with traditional assets and equities, but it decoupled to demonstrate a measured reaction to a historic selloff after the US imposed reciprocal tariffs on over 100 countries. Toledano believes that this measured response highlights BTC’s growing maturity as a macro asset.

BTC had tracked global markets during much of Q1 2025. However, Gold had its best performance in decades, reaching a new milestone just days after the April 7 market meltdown. Gold’s performance emboldened BTC’s critics. However, Toledano argued that the global response to US policy shifts is reinforcing bitcoin’s core proposition: a non-sovereign store of value in an increasingly fragmented world. While not yet a traditional safe haven, bitcoin is growing into that role—its resilience increasingly speaks louder than price action alone.

Bitcoin (BTC) dipped below $80,000 on Thursday, falling to a low of $78,452. However, it rebounded during the current session to reclaim $80,000, reaching a day high of $82,983 before registering a marginal decline. Despite BTC’s recovery, analysts remain skeptical of whether it can retain momentum and push toward $85,000 or higher. While tariffs have been paused for 90 days, markets remain jittery.

Another analyst has suggested that if BTC pushes above $85,000, it could surge to the next resistance zone around $96,000. Bitcoin may face resistance at the $84,000 level. If it breaks through this resistance line, it could surge to the next resistance zone of $96,000. This price range initially acted as a support line at the beginning of this bull market, but if the upward trend slows, it could turn into a resistance line. The same pattern was repeated in past bear markets.

BTC registered a sharp decline on Wednesday, reaching a day high of $88,624 before plunging over 3% to $82,525. It recovered on Thursday, rising 0.82%, and continued to push higher on Friday, rising 0.76% to settle at $83,828. However, sentiment changed over the weekend as BTC registered a marginal decline on Saturday and settled at $83,423. Bearish sentiment intensified on Sunday as BTC plunged over 6%, slipping below $80,000 and settling at $78,301. The price faced volatility on Monday after rumors about a tariff pause, falling to a low of $74,393 before surging past $80,000 and then dropping to settle at $79,164, ultimately registering an increase of 1.10%.

However, BTC was back in the red on Tuesday, dropping almost 4% to $76,283. Markets rallied on Wednesday after President Trump announced a 90-day pause on reciprocal tariffs. As a result, BTC surged over 8% to reclaim $80,000 and settle at $82,593. The rally lost momentum on Thursday as the price dropped 3.63%, slipping below $80,000 and settling at $79,592. BTC has recovered during the ongoing session, with the price up almost 3% and trading at $81,816. Buyers will look to retain control and push BTC past $85,000.