Everything was going well.

Bitcoin users were ecstatic on Monday when... The largest digital currency Over $100,000 per coin was traded for the first time so far in 2025, at one point reaching a high of $102,290. According to That CoinGecko.

But then the US central bank had to do what it always does: remind markets that it is still in control. Federal Reserve on Wednesday Released Minutes from its December meeting show its members are likely to pause interest rate cuts in 2025 due to concerns about flat 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 Show Unemployment was low, which economists generally agree means more inflation. The asset fell to a low of $91,914 on Friday.

It has since recovered somewhat, and is now priced at $94,400 per coin. Over seven days, it fell about 4%. It is now well below its December 18 all-time high of over $108,000.

Calling it a volatile week is an understatement. Here's a look at the most important Bitcoin news.

US ETFs work

After a Day of brutal flows Into U.S. ETFs on Monday, investors began pulling money out of vehicles — and fast.

On Wednesday, speculators withdrew the most money since December from funds. Data from Farside He appears That a total of more than half a billion was I spent On that day - causing the price of the currency to fall.

There are other factors that affect Bitcoin, but the largest ETFs that are traded on the world's largest exchanges in the world's largest economy naturally have a major influence.

Selling the Silk Road?

More than 69,000 bitcoins seized from Silk Road's dark web marketplace - now worth $6.5 billion - could be put up for sale after a US judge refused to block the seizure of the assets.

This does not mean that the assets will be sold immediately, as there are more steps ahead before this potential outcome is reached, but this type of selling pressure could affect the Bitcoin market price in the future.

It also throws a wrench into the plans of the people pushing for it National Strategic Reserve for Bitcoinlike President-elect Donald Trump and Senator Cynthia Lummis, as the seized assets could constitute an ideal starting point for a proposed American bunker. But we will see how quickly they move toward creating such a fund, and whether Silk Road's billions will be liquidated before that happens.

More countries are looking into reserves

On Friday, two more states –North Dakota and New Hampshire- Steps have been taken towards considering the Bitcoin Strategic Reserve. The legislation introduced in New Hampshire does not specifically mention Bitcoin, but Bitcoin is the only asset that currently meets its market capitalization requirements. Meanwhile, North Dakota lawmakers have introduced a resolution that serves as a precursor to a potential bill.

Such plans would allow state local government coffers to hold the coin as a reserve asset, in hopes of combating inflation and increasing wealth. Currently, five states have such a plan officially under consideration: Ohio, Texas, Pennsylvania, North Dakota, and New Hampshire.

More public companies want Bitcoin

This is not limited to the US states only: Publicly traded companies are also keen To add the largest virtual currency to their balance sheets.

Social media marketing company Thumzup Media announced Tuesday that it has purchased nearly $1 million worth of Bitcoin, while aerospace and defense company KULR Technology Group has added another $21 million worth of Bitcoin to its balance sheet.

On Friday, the Nasdaq-listed spirits company is Heritage Distilling Announce Bitcoin "Hoddle" A strategy – subject to board approval – that will allow it to hold bitcoin and receive bitcoin payments from customers.

The Bitcoin Dump Saga Ends

In one of Bitcoin's longest sagas, an engineer who lost a hard drive full of Satoshi-era mined coins has received some bad news: a British court It was rejected His attempt 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 threw away the device (on his orders), and has been in a legal battle with the local authority ever since to excavate the landfill and recover the hard drive.

Despite the setback, Howells He said Local media reported that he is not giving up yet - and may launch a new cryptocurrency based on the lost coins.

Modified by Andrew Hayward