Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBitcoin fell 0.3 percent to $94,268.7

Bitcoin fell 0.3 percent to $94,268.7

Add to Favorite
Added to Favorite


Bitcoin’s price dipped 0.3% on Monday to $94,268.7 amid persistent caution over the Federal Reserve’s interest rate outlook and concerns about increased market liquidity pressures.
Key Factors Influencing Bitcoin’s Decline
1. Stronger U.S. Payroll Data

The U.S. economy added 256,000 jobs in December, surpassing the forecasted 153,000. The unemployment rate also dropped from 4.2% to 4.1%, signaling resilience in the labor market.
These robust figures suggest the Fed may slow its pace of rate cuts in 2025, leading to a stronger U.S. dollar and tighter liquidity—factors that traditionally weigh on cryptocurrency prices.

2. Impact of Government Crypto Sales

Reports indicate the U.S. Department of Justice received approval to sell $6.5 billion worth of Bitcoin confiscated from the Silk Road case.
Previous government liquidations of seized Bitcoin have contributed to increased supply and downward pressure on prices.

3. Treasury Yields and Market Liquidity

Elevated Treasury yields continue to be a headwind for Bitcoin, with some analysts projecting Bitcoin’s price could decline further to around $90,000 if yields remain high.

Broader Market Context
Bitcoin’s recent losses align with a broader pullback in risk assets as traders adjust to shifting monetary policy expectations. The potential for further government crypto sales and global economic uncertainty adds to the bearish sentiment.
 

Subscribe to get Latest News Updates

Latest News

You may like more
more

CWEB Analysts Upgrade Ulta Beauty (ULTA) to “Buy” Amid Long-Term Growth Optimism

CWEB Reports – Ulta Beauty (ULTA) shares surged 8% Friday,...

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) Surpasses Q4 Earnings Expectations

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) reported a bigger-than-expected...

Heritage Global Inc. (NASDAQ: HGBL) Earnings Report Analysis

Heritage Global Inc. (NASDAQ:HGBL) reported an earnings per share...

Inspired Entertainment, Inc. (NASDAQ:INSE) Overview and Analyst Rating

Inspired Entertainment, Inc. (NASDAQ:INSE) Maintains Market Outperform Rating Inspired Entertainment,...