South Dakota Bill Allows Investment in Bitcoin
- Legal Framework for Bitcoin Investment: The new South Dakota bill allows the State Investment Council to allocate up to 10% of public funds into Bitcoin, including pensions, trusts, and endowments managing an estimated $5 to $16 billion, indicating Bitcoin's evolution into a strategic reserve asset at the state level.
- Security Measures: The bill sets strict holding rules, permitting Bitcoin to be held directly in secure wallets, through qualified custodians, or via regulated exchange-traded products, thereby reducing operational complexity while mandating encrypted hardware storage, key dispersion, and regular audits to enhance security.
- State-Level Bitcoin Trend: South Dakota's initiative aligns with similar frameworks in states like Texas, Arizona, and New Hampshire, which have allowed direct Bitcoin holdings or management of seized digital assets, showcasing the growing acceptance of Bitcoin as a hedge and diversification tool.
- Potential Market Scale: Proposals in states like Pennsylvania contemplate allocating up to 10% of core funds to Bitcoin, with potential reserves nearing $1 billion if fully implemented, and South Dakota's 10% cap reflects an emerging informal standard for the Bitcoin risk public entities are willing to undertake.
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Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST) As of , JUST (JST) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.033 | 0.0358 | 0.0385 | 0.0414 | 0.0441 | 0.0469 | 0.0497 |
| Fibonacci | 0.0358 | 0.0379 | 0.0392 | 0.0414 | 0.0435 | 0.0448 | 0.0469 |
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