Texas Commits $10 Million to Bitcoin Reserve as BTC Defends $78,000–$79,000 Support

Texas purchased $5 million of BlackRock's iShares Bitcoin Trust on November 20 and allocated another $5 million for direct Bitcoin custody. Bitcoin is trading near $87,000 after testing support from a long-term rising channel, with analysts watching the $78,000–$79,000 zone as a key technical threshold.