The cryptocurrency market, which was heated due to the election of Donald Trump as U.S. president, appears to be taking a breather. Major cryptocurrencies are trading sideways, and transaction volumes have shown a decrease compared to the previous day.
According to global cryptocurrency market site CoinMarketCap, as of 7:50 a.m. on the 13th, Bitcoin is trading at $100,278, down 1.02% from the previous day. At the same time, Ethereum is up 0.33% at $3,881, while Ripple is trading at $2.35, down 3.38%.
Major altcoins also appear to be moving sideways. Solana is down 0.01% at $227.7, and Dogecoin is trading at $0.406, up 0.5%. The global market transaction volume recorded $212 trillion, down 4.43% from the previous day.
Meanwhile, a bill has been introduced in Texas to allow the state government to stockpile Bitcoin as a strategic asset. The bill allows taxes, administrative fees, and voluntary donations in Texas to be paid in Bitcoin, enabling the state government to hold it for at least five years to stockpile Bitcoin as a major resource.