- Bitcoin Price dropped from $102,290 to $91,914 following Federal Reserve’s hawkish minutes release.
- ETF investors withdrew over $500 million on Wednesday, marking the largest outflow since December.
- U.S. court decision could lead to sale of 69,000 Bitcoin from seized Silk Road assets.
- Five U.S. states now considering Bitcoin strategic reserves: Ohio, Texas, Pennsylvania, North Dakota, and New Hampshire.
- Three public companies announced Bitcoin purchases or holding strategies this week.
Bitcoin experienced significant price volatility this week, falling from a 2025 high of $102,290 to $91,914 following the Federal Reserve’s December meeting minutes and strong U.S. employment data. The asset has since recovered to $94,400, representing a 4% weekly decline from its recent all-time high of $108,000.
Federal Reserve Impact and ETF Dynamics
The Federal Reserve’s December minutes indicated a potential pause in interest rate cuts for 2025, citing inflation concerns related to the incoming Trump administration. This announcement, combined with robust employment figures, triggered substantial market movements. ETF activity reflected the market sentiment, with data from Farside showing over $500 million in withdrawals on Wednesday alone.
State and Corporate Adoption
North Dakota and New Hampshire joined three other states in considering Bitcoin strategic reserves. The New Hampshire legislation sets specific market capitalization requirements that currently only Bitcoin meets. Corporate adoption continued as Thumzup Media ($1 million), KULR Technology Group ($21 million), and Heritage Distilling announced Bitcoin acquisitions or holding strategies.
Legal Developments and Lost Bitcoin
A significant legal decision affected 69,000 Bitcoin ($6.5 billion) seized from the Silk Road marketplace, as a U.S. judge declined to block asset forfeiture. Separately, James Howells lost his legal battle to search a Welsh landfill for 8,000 Bitcoin ($756 million) stored on a discarded hard drive. Howells indicated potential plans for a new cryptocurrency based on the lost coins.
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