$BTC As of January 8, 2025, Bitcoin (BTC) is trading at approximately $94,830, reflecting a decline of about 5.85% over the past 24 hours.

Recent economic data, including stronger-than-expected U.S. labor market figures, have reduced the likelihood of Federal Reserve interest rate cuts, negatively impacting risk-on assets like Bitcoin.

Given the current downward trend and market sentiment, it is likely that Bitcoin will close the market in a bearish position today.