Today's U.S. jobs report indicated fewer positions added to the economy than expected, but bitcoin remained mostly flat on the news. Steady Bitcoin Price Reflects Cautious Market Reaction to U.S. Jobs Report Bitcoin (BTC) is trading at $97,783.95 at the time of reporting, rebounding slightly after dipping to $95,707.35 and peaking at $100,154.

Cryptocurrencies on Feb.7, 2025, traded largely mixed. While several altcoins, including Flare (FLR) and Ripple (XRP), gained, recent outperformers such as Pudgy Penguins (PENGU), Bittensor (TAO) and Hyperliquid (HYPE) struggled with downside pressure. Bitcoin's retest of the $100k level was brief as the price retreated to below $98k.

MicroStrategy (NASDAQ: MSTR), now rebranded as ‘Strategy,' has once again made headlines, this time not just for its Q4 earnings report but also for its fresh identity and the launch of a Bitcoin-branded merchandise store.

The market has already priced in less accommodating interest rate policy, and legislative tailwinds could aid Bitcoin's performance.

Analyst and trader Michaël van de Poppe is flipping bullish on one layer-1 protocol following a massive correction. Van de Poppe tells his 772,700 followers on the social media platform X that NEAR, the native cryptocurrency of Near Protocol, could surge to $20 within months, a 500% increase from its current value.

Amidst the current positive mood in the market, a noteworthy event has sparked discussion and expectation: the potential for an exchange-traded fund (ETF) backed by Ripple's XRP to enter the fray.

Bitcoin (CRYPTO: BTC) has the potential to break out to a new all-time high above $108,000 in February, according to a new note by Standard Chartered. What Happened: Geoffrey Kendrick, the bank's head of digital assets writes a break higher is contingent on the absence of negative market catalysts, such as further DeepSeek developments or new tariff announcements, Key to this outlook is the behavior of U.S. Treasury yields, with a specific focus on the 10-year yield failing to consistently break above the 4.50% level.

The National Bank of Poland has firmly ruled out the possibility of incorporating Bitcoin into its currency reserves, citing significant security concerns.

XRP, the native cryptocurrency of Ripple, is currently facing significant downward pressure, continuing its bearish trend that has characterized the market over the past week. Despite XRP's strong performance in the past, recent market conditions have raised concerns about its immediate future.

In a significant development, Maryland State Delegate Caylin Young has introduced “Strategic Bitcoin Reserve Act of Maryland.” The latest move reflects a growing trend among U.S. states to diversify their financial assets into digital currencies, recognizing Bitcoin's potential as both an investment and a hedge against inflation.

XRP has shown resilience amid the market's volatility and uncertainty, standing strong as it rebounds from recent lows. The price is now over 33% up from Monday's low, signaling renewed momentum and a potential push toward higher levels.

Bitcoin faced renewed pressure after failing to reclaim the $99,000 resistance level, triggering a market-wide selloff, according to QCP Capital's latest market update. The leading crypto by market cap fell to a new daily low of $95,600, marking a three-day losing streak and an uncertain outlook for the broader crypto market.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Bitcoin (BTC) is becoming more difficult to mine after increasing competition in the past ten days. The next difficulty adjustment may make the network even more competitive.

Ever since the institutions have gauged the success of the spot Bitcoin & Ethereum ETF, they have intensified their search for other potential ETFs. While Solana has strengthened its base with zero network outrage in the past 12 months, XRP has proved to be a sleeping giant after the remarkable bull run.

Crypto market analysts anticipate a significant increase in the price of XRP, the native cryptocurrency of Ripple, due to several ETF (exchange-traded funds) applications currently under review. These initiatives could transform the investment landscape in XRP and attract a substantial influx of institutional capital that could propel XRP up to 1500%!

Bitcoin and most altcoins pulled back this week, while the crypto fear and greed index slipped into the fear zone. Ethereum (ETH) dropped to a low of $2,100, down by over 47% from its highest level this year.

XRP continues to consolidate above the crucial $2 support level, even as Bitcoin (BTC) struggles to find direction.

Michael Saylor's Strategy has fully embraced its position as a bitcoin treasury company and Wall Street remains bullish on MSTR stock.

Asset manager BlackRock (NASDAQ:BLK) has further increased its investment in Strategy Inc. (NASDAQ:MSTR), the company that's primarily known for its large Bitcoin (NASDAQ:BTC) reserves. What Happened: A disclosure with the Securities and Exchange Commission on Feb. 6 shows that BlackRock's investment portfolio now includes approximately 11.26 million shares.

TL;DR Bitcoin briefly surpasses $100K: Driven by a mixed jobs report in the U.S., but drops to $97,861, with a 1.36% increase in the last 24 hours. Economic factors affect the market: The low unemployment rate and Federal Reserve policy influence the behavior of the crypto market.

Russian Bitcoin miners are concerned about a government mandate requiring wallet addresses to be included in a national registry. Russian lawmaker Anton Gorelkin highlighted these concerns in a Feb. 7 Telegram post, warning that geopolitical rivals could exploit leaked addresses.

Job growth fell short of expectations in January, but unemployment came in lower than expected and December jobs were revised higher to 307,000 jobs. CoinDesk's Christine Lee anchors “Chart of the Day.

Utah's House of Representatives on February 6 passed House Bill 230 (HB 230), informally referred to as the “Strategic Bitcoin Reserve” bill, by a narrow margin of 38 votes in favor, 34 against, and 3 not voting.

CleanSpark's Bitcoin treasury strategy is paying off; the company held 10,556 in self-mined BTC at the end of 2024.

BlackRock has increased its stake in Strategy, the biggest corporate holder of Bitcoin. What does this mean for Bitcoin's future.

Standard Chartered sees current market conditions as supportive for bitcoin, as long as yields stay contained and the economy remains stable.

XRP declined 7% since Monday, during a big week for crypto. President Donald Trump's crypto czar David Sacks held a press conference and called it “a golden age in digital assets.

Both Solana and XRP have growing ETF applications, regulatory challenges and a fight for institutional acceptance. Who has the edge?

Michael Saylor, a co-founder of Strategy and its executive chairman, has taken to social media to share a BTC-themed message with his multi-million followers' army on the X platform.

The potential approval of an XRP ETF is looking more likely, which is bullish for the XRP price. Although XR hasn't reacted positively to the recent ETF news, this fund could contribute to the projected rallies for the crypto.

The CFTC's pilot program could set a precedent for regulatory frameworks, potentially boosting innovation and clarity in digital asset markets. The post CFTC to host CEO Forum on stablecoins and collateral with key industry players, including Ripple, Coinbase appeared first on Crypto Briefing.

Cryptocurrencies moved higher today after a somewhat perplexing jobs report this morning that ultimately led to a slight increase in Treasury yields. Bitcoin, the world's largest cryptocurrency, hovered around $98,400.

Conor Grogan from Coinbase has uncovered a potential link between Bitcoin's mysterious creator, Satoshi, and Kraken, through a detailed analysis of mining patterns.

Bitcoin continues to go back and forth during the trading session on Friday, as it looks like we are going to continue to be attracted to the $100,000 level for a bit of “fair value.”

Cryptocurrencies displayed bearishness today as Bitcoin hovered around the $97,000 region. With most tokens trading in the red, Flare's impressive performance over the past day attracted the attention of crypto enthusiasts. FLR jumped from its 24-hour low of $0.01916 to a $0.02299 peak – a 19.99% gain.

Cryptocurrencies have been more financial and investment vehicles than payment mechanism, despite ongoing aspirations to the latter. As the broader ecosystem warms to digital assets, this increasingly makes it essential for corporate treasuries to evaluate crypto's role in their financial ecosystem.

The Russian government's registry mandating Bitcoin miners to disclose wallet addresses has sparked fears of potential data leaks and sanctions. While officials claim the system is secure, past breaches raise doubts. New restrictions on electricity use further tighten the regulatory grip on the mining sector. The post Russian Bitcoin Miners Fear Sanctions as Government Enforces Wallet Address Registration appeared first on Cryptonews.

BlackRock, the world's largest asset manager with over $11.6 trillion in assets under management, has expanded its stake in Michael Saylor's rebranded company, Strategy. The post BlackRock Boosts Stake in Michael Saylor's Strategy to 5%, Increasing Bitcoin Exposure appeared first on Cryptonews.

State adoption of crypto reserves signals a shift towards digital asset integration, challenging traditional financial systems and regulations. The post Kentucky and Missouri join growing states exploring Bitcoin reserves appeared first on Crypto Briefing.

Bitcoin appears to be trapped in yet another emotionally charged range, shifting market sentiment by the day.

The U.S. jobs data from the Bureau of Labor Statistics is out for January, and the figures positively impact Bitcoin (BTC). The data show that NonFarm Payrolls (NFP) recorded a surge of 143,000 in January.

The push for XRP exchange-traded funds (ETFs) is gaining significant momentum, as asset managers move forward with their applications, bringing the prospect of these investment products closer to reality.

In a latest development, Bitcoin (BTC) ended a three-day decline after U.S. job growth for January fell short of expectations. Notably, the cryptocurrency rose above $100,000 for the first time since Feb.

The Bitcoin price suddenly regained a major six-figure valuation with the $100,000 mark last seen on Tuesday, fresh from the massive liquidation that caused at least $8 billion in losses for traders.

XRP (CRYPO: XRP) is accelerating in the spot ETF race, with multiple filings submitted to the SEC. Cryptocurrency Price 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.53 +6.0% -20% Bitcoin (CRYPTO: BTC) $98,624 +1.4% -5.6% Ethereum (CRYPTO: ETH) $2,747 +0.5% -18% Community News: Fox Business reporter Eleanor Terrett reported the Cboe Exchange having filed 19b-4s on behalf of BitwiseInvest and CanaryFunds to list and trade their spot XRP ETFs.

Bitget Exchange CEO Gracy Chen has highlighted key developments in the Czech Republic's approach to Bitcoin.