On March 25, 2025, the Governor of Kentucky signed the Bitcoin Rights Bill (HB701) into law, marking a significant milestone for cryptocurrency adoption in the US.
This legislative move triggered immediate reactions in the crypto market, with Bitcoin experiencing a 5.7% price surge, climbing from $67,400 to $71,200 within an hour of the announcement.
The rapid price increase was accompanied by a spike in trading volume, with BTC/USD reaching 32,000 BTC, up from a weekly average of 18,000 BTC per hour. Other major cryptocurrencies, such as Ethereum and Litecoin, also saw price increases of 3.2% and 4.1%, respectively.
