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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

Bitcoin and XRP surged, but then dropped on news that the U.S. job market's growth cooled in the month of January.

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.