Arizona Senate approves state Bitcoin reserve bill amid BTC price slip

It was a bumpy start to the week for Bitcoin as the world’s largest cryptocurrency dropped 7% to briefly trade below $98,000 on Jan. 27 — its lowest level in 10 days. The sudden correction followed shockwaves from the viral Chinese AI platform DeepSeek, whose launch sent ripples through both crypto and tech markets. Despite the dip, analysts remain optimistic, citing a lack of panic selling as a sign of confidence among long-term holders. Meanwhile, MicroStrategy announced a bold new $2.5 million share offering to fund additional Bitcoin purchases, doubling down on its bullish strategy. Elsewhere, Arizona made headlines by advancing legislation to create a state-backed Bitcoin reserve, while the US CFTC scheduled public roundtables to discuss crypto regulation.Further reading:Absence of Bitcoin ‘panic selling’ suggests BTC drop below $98K is a short-term blip: AnalystVenice AI token that gives private access to DeepSeek hits $1.6B total valueMicroStrategy proposes 2.5M share offering to fund Bitcoin purchasesArizona Senate moves forward with Bitcoin reserve legislationCFTC acting chair announces roundtables on crypto market structureRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.