Everything was going well.
Bitcoiners were in a euphoric mood on Monday. The biggest digital coin It traded above $100,000 per coin for the first time in 2025, having once touched a high of $102,290. basis That CoinGecko.
But the U.S. central bank had to do what it always does: remind the markets that it still runs the show. Federal Reserve Wednesday Released The minutes of the December meeting show that members will pause to consider cutting interest rates in 2025 amid the sticky inflation brought about by the incoming Trump administration.
More bad news came on Friday, when jobs data was released from the world's largest economy He showed. Unemployment was lower, which meant more inflation, which economists generally agree. The property was down to $91,914 on Friday.
It has since recovered somewhat, and is now trading at $94,400 per penny. Over a seven-day period, it was down 4 percent. It is now below the December 18 high of over $108,000.
To call it an unsettled week would be an understatement. Here's a look back at the biggest Bitcoin news.
US ETF action
From A The day of the monster flow For U.S. ETFs on Monday, investors started pulling money out of the vehicles — and fast.
On Wednesday, speculators pulled the biggest amount out of the funds since December. Farside data It shows In total, it was more than half a billion Money is given That day – leading to a plunge in the value of the coin.
Other factors are influencing Bitcoin, but the largest ETF trading on the largest stock exchanges in the world's largest economy is naturally having the most impact.
Silk Road Sales?
More than 69,000 bitcoins from the Silk Road dark web marketplace — now worth $6.5 billion — could be put up for sale after a US judge refused to keep the assets from being stolen.
This does not mean that the assets will sell off immediately, as there are many steps left before that potential outcome is reached, but such a selling pressure could affect the Bitcoin market price in the future.
It also poses a problem for the plans of people like President-elect Donald Trump and Senator Cynthia Lammis, who are pushing for a national strategic reserve of Bitcoin, because the seized assets could be a good starting point for the proposed US stash. But we will see how quickly they move to establish such a fund, and before that happens, the Silk Road billions will flow.
More states consider reserves.
On Friday, two more states—North Dakota And New Hampshire– Moved to take into account systematic Bitcoin accumulation. New Hampshire's case law does not mention bitcoin, but BTC is currently the only asset that meets market capitalization requirements. Meanwhile, North Dakota lawmakers have introduced a resolution that would serve as a prerequisite for the bill.
Such plans allow the local government coffers of the states to hold the coin as a reserve, simply to fight inflation and hope to become richer. Currently, a total of five states are formally considering such a plan: Ohio, Texas, Pennsylvania, North Dakota, and New Hampshire.
More public companies want Bitcoin
It's not just US states: Publicly traded companies are also in high demand. To add the biggest virtual coin to their balances.
Social media marketing company Tumzup Media announced on Tuesday that it bought nearly $1 million in Bitcoin, while aerospace and defense company KUR Technology Group added another $21 million in Bitcoin to its balance sheet.
And on Friday, Nasdaq-listed Spirits Heritage Distilling Firm announced A Bitcoin “HODL” The strategy – approved by the board – allows it to both hold Bitcoin and receive BTC payments from customers.
Bitcoin land fill saga ends
Engineer who lost hard drive of Satoshi-era coins buried in one of bitcoin's longest sagas gets bad news: UK court He was fired His proposal to use a team to find “digital gold” in a Welsh landfill.
James Howells lost 8,000 bitcoins worth $756 million today when his ex-girlfriend dumped the device and is embroiled in a legal battle with a local authority to dig through the dumpster to recover the hard drive.
Despite the failure, Howells They spoke Local media say he hasn't given up yet – and may even launch a new cryptocurrency based on the lost coins.
Edited by Andrew Hayward
Daily Debrief Newspaper
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