The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level. Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200 to a high of $100,110 after the US reported lower-than-expected job growth for January.

Bitcoin mining firm Cleanspark reported $162.3 million in Q4 2024 revenue, a 120% year-over-year increase. With 10,500 BTC in reserves and a mining cost of $34,000 per bitcoin, the company is expanding operations across the U.S.

While countries like the United States, Germany, and the Czech Republic explore adding Bitcoin to their national reserves, Poland's central bank has firmly rejected the idea.

Traders fear the impact of the US employment report on bitcoin. In this article, we explain why.

Key technical indicators suggest Bitcoin may face resistance at $100K, while support at $95K could dictate its next move.

Bitcoin has appreciated substantially following Trump's election win and his administration's advocacy for the token.

Kentucky has stepped into the spotlight with a new proposal that could make Bitcoin an official part of the state's financial strategy. The bill, introduced recently, seeks to allow Kentucky to invest up to 10% of its state funds into digital assets.

The Czech National Bank (CNB) is considering a groundbreaking decision—allocating €7 billion of its international reserves into Bitcoin (BTC). This move, aimed at diversifying assets and exploring digital currencies as a strategic reserve, has triggered mixed reactions among European financial leaders.

Crypto prices on Saturday have again encountered severe volatility, keeping traders and investors cautious. Bitcoin (BTC) price briefly slumped to a $95K low, whereas Ethereum (ETH) and Solana (SOL) traded in the red territory.

Bitcoin (BTC) is displaying a strong bullish pattern as it hovers around the $97,000 mark, drive speculation about a potential rally to new all-time highs. Technical analysis suggests that BTC is mirroring past trends, with some analysts predicting a move toward $145,000 by March 2025.

House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees.

Utah is on the verge of becoming the first U.S. state to establish a Bitcoin reserve as its Strategic Bitcoin Reserve bill advances to the Senate. House Bill 230 (HB230), also known as the Blockchain and Digital Innovation Amendments bill, passed the Utah House Economic Development Committee with an 8-1 vote on January 28.

Cryptocurrency trading on the Chicago Mercantile Exchange (CME) reached an all-time high in January, with volumes soaring to approximately $285 million, according to a report by CCData. This marks an 8% increase from the previous month, driven by a surge in Bitcoin futures and options activity.

Michael Saylor, co-founder and executive chairman of Strategy, took to X to share a Bitcoin-themed message with his massive following. His tweet, We all need a Strategy for Success, coincided with Bitcoin briefly surpassing the $100,000 mark.

Missouri Representative Ben Keathley has introduced House Bill 1217, aiming to establish a Bitcoin Strategic Reserve Fund to diversify the states investment portfolio and hedge against fiat currency inflation. Filed on February 6, the bill would allow the Missouri state treasurer to receive, invest, and hold Bitcoin under specific conditions.

Bitcoin fell on Friday as market sentiment weakened following U.S. President Donald Trumps warning of new reciprocal tariffs. The cryptocurrency dropped 1% to $95,853, extending last weeks 4% decline.

On-chain analytics firm Glassnode reports that retail investors have significantly increased their Bitcoin accumulation since mid-December 2024. Investors holding around one BTC are now buying at a rate of 10,627 BTC per day72% more than last years daily average of 6,177 BTC.

Bitcoin's price performance remains subdued, with the cryptocurrency trading above $97,000 at the time of writing—a roughly 6.5% decline over the past week. The crypto asset has yet to reclaim the $100,000 level it lost earlier this week, leaving market participants uncertain about the near-term direction.

Bitcoin exchange-traded funds (ETFs) in the U.S. have slipped back into outflow territory, reflecting ongoing uncertainty in the market. On February 6, spot Bitcoin ETFs saw a net outflow of $140.3 million, reversing a two-day inflow streak that had brought in $407 million.

Florida Senator Joe Gruters argued that the state “should have access to tools such as Bitcoin to protect against inflation.”

ARK Invest released a comprehensive report detailing Bitcoin's milestones in 2024, the surging run of AI agents, and the potential of stablecoins in the digital asset market. The report is complete with market predictions for 2030.

After dropping from the $102,000 price level earlier this week, Bitcoin continues to struggle to initiate a rebound toward the $100,000 mark. Its weak performance is attributed to a broader bearish action in the general crypto market.

The spot Bitcoin Exchange-Traded Fund (ETF) market just witnessed PNC, the 8th largest bank in the United States, declare its exposure to BTC. As revealed via its 13F filing with the Securities and Exchange Commission (SEC), PNC, with $325 billion in Assets Under Management (AUM), said it has exposure worth $67 million.

Bitcoin miners' profit/loss sustainability has entered the extremely underpaid zone, risking miner capitulation.

Maryland has introduced the “Strategic Bitcoin Reserve Act of Maryland,” a legislative proposal to establish a Bitcoin reserve fund for the state. Sponsored by Delegate Caylin Young, the bill aims to allow state funds derived from gambling violations to be allocated into Bitcoin (BTC).

New Mexico has officially joined the ranks of U.S. states exploring the use of Bitcoin (BTC) in state financial reserves. The state's new bill, introduced on February 4, 2025, has the potential to alter the way state finances are handled by proposing that a portion of public funds be allocated toward Bitcoin investments.

Maryland and Kentucky this week joined a growing list of U.S. states mulling Bitcoin as a way to strengthen their reserves.

Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims.

Bill proposes Florida's CFO be allowed to use public funds to "make investments in bitcoin and other digital assets for a certain purpose."

Maryland's proposed Bitcoin reserve bill aims to integrate cryptocurrency into state investments, allowing Bitcoin holdings as a financial hedge. The legislation follows similar moves in Utah and Kentucky, reflecting growing adoption at the state level. The bill also outlines guidelines for accepting crypto payments. The post Maryland Joins States Proposing Strategic Bitcoin Reserve appeared first on Cryptonews.

Bitcoin may no longer be legal tender in El Salvador, but Bitcoiners in the country haven't given up on the mission.

A growing number of U.S. states are actively pursuing legislation to establish strategic bitcoin reserves, signaling increasing interest in cryptocurrency as a financial asset. Strategic Bitcoin Reserves: A Look at 15 States Taking Action This week, David Sacks, the U.S.

Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims.

Missouri is joining the trend of states embracing Bitcoin by introducing its own Bitcoin reserve bill, known as House Bill 1217.

Lawmakers in Maryland, Iowa, and Kentucky have introduced legislation proposing the creation of Bitcoin (BTC) strategic reserves in their respective states. The latest bills bring the number of US states considering Bitcoin reserves to 17.

A closely followed crypto analyst is issuing a warning, saying that Bitcoin (BTC) is still showing weakness despite recovering from its latest dip.

The Bitcoin network is experiencing a sharp decline in activity, according to CryptoQuant's Bitcoin Network Activity Index. The post Bitcoin Network Activity Drops 15%, Hits Lowest Level in a Year appeared first on Cryptonews.

The latest drop in the price of Bitcoin (BTC) has prompted traders to take a pause amid the absence of strong price drivers that manage to reverse the current downtrend.

Crypto markets are grinding lower on Friday, with Bitcoin reversing gains on renewed tariff fears after briefly having touched $100,000. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,769.28 -0.8% Ethereum (CRYPTO: ETH) $2,650.07 -1.7% Solana (CRYPTO: SOL) $195.91 -2.4% XRP (CRYPTO: XRP) $2.43 -5.5% Dogecoin (CRYPTO: DOGE) $0.2502 -2.4% Shiba Inu (CRYPTO: SHIB) $0.0000153 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.2% and daily active addresses falling by 0.3%.

Bitcoin dropped to $96.8K as selling pressure increased. New investor activity slowed, but positive funding rates hint at a potential rebound.

Barry Silbert thinks deAI is a generational opportunity. DCG's betting on it.

Poland's central bank has ruled out Bitcoin as part of its national reserves, citing security risks and financial stability concerns. While other countries explore crypto reserves, Poland aligns with European regulators in favoring traditional assets like gold and foreign currencies. The post Poland's Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report appeared first on Cryptonews.

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.

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.

Alyse Killeen, Stillmark managing partner, explains why Bitcoin is facing major tailwinds this year. She joins Caroline Hyde and Jackie Davalos on "Bloomberg Technology" to discuss.

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.