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news-imageFebruary 8, 2025

Could Fear Fuel Bitcoin's Comeback? Analyst Spots a Surprising Pattern

Bitcoin price in recent days seems to have dimmed investor's confidence in the asset for now with the community seeing less buzz as BTC sees fewer green days. Regardless of this, some analysts are still eager to analyze BTC and its major metric to at least get a perspective on if there's hope around the corner.
Publisher: NewsBTC
Sentiment: Neutral
BTC

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Positive
cover-imageThe Motley Fool
February 8, 2025

Can Bitcoin Hit $1 Million in the Next Decade?

Even if you factor in the recent wobble, Bitcoin (BTC -2.11%) has been on a tear recently. It's gained almost 55% in the past six months, setting new all-time highs as quickly as Michael Phelps in an Olympic swimming pool.

Neutral
cover-imageCointribune
February 8, 2025

Bitcoin Is Down

And if the disappointing figures of American employment were hiding a backdoor to an unprecedented opportunity for Bitcoin? While the media is mired in economic forecasts, another story is quietly weaving itself: that of a cryptocurrency ready to defy the gravity of traditional markets.

Positive
cover-imageCoingape
February 8, 2025

Bitcoin Price May Drop To $90K But Experts Stay Bullish, Here's Why?

Bitcoin price has continued to stay in the red today, hovering around the $96K mark following a short-term pump after the US job data gave some relief yesterday. Notably, the latest US job data indicates a cooling labor market, which could give more space to the Federal Reserve to move with their rate cut plans.

Negative
cover-imageCoinPedia
February 8, 2025

Bitcoin Price Analysis: Why BTC Dropped in February & What's Next

Bitcoin's recent dip in February has left many puzzled, but analysts believe it's more than just market noise. After a terrific start in January of hitting an ATH of $109K, February gave the most shocking chills to the traders. Bitcoin's price dipped 1.11% in the last 24 hours, now at around $96,148.

Negative
cover-imageThe Currency Analytics
February 8, 2025

Bitcoin Faces Pressure as US Jobs Data Could Trigger $95K Dip

Bitcoin's price remains under pressure, struggling to maintain momentum as investors await a critical US employment report. The cryptocurrency has been trading near $97,000, with concerns growing that a strong job market report could create downward pressure on risk assets, including Bitcoin.

Positive
cover-imageBitcoinist
February 8, 2025

Kentucky Becomes Latest State To Propose Bitcoin Reserve Bill – Key Details

Bitcoin (BTC) frenzy is sweeping across the US following Donald Trump's victory in the November presidential election, with Kentucky becoming the latest state to introduce legislation aimed at establishing a Bitcoin reserve. Kentucky Joins The Bitcoin Reserve Club Kentucky has become the 16th US state to introduce legislation seeking to create a Bitcoin reserve.

Positive
cover-imageInvezz
February 8, 2025

How high can Bitcoin Pepe go as more US states eye Bitcoin reserve legislation?

Over 15 US states have initiated legislative efforts to integrate Bitcoin into their financial frameworks, highlighting benefits such as economic diversification, inflation hedging, and fostering technological innovation. Utah has emerged as a leader in this movement, with its House Bill 230 advancing through the House on February 6 and now awaiting Senate approval.

Neutral
cover-imageNewsBTC
February 8, 2025

Bitcoin Taps $100,000 But Fails To Hold Amid Mixed US Jobs Report

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.

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