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According to PANews, a report by Santander Bank highlights the significant growth in El Salvador's tourism industry, closely linked to the country's acceptance of Bitcoin. The report outlines El Salvador's adoption of BTC as legal tender in 2021, transforming the nation into a unique destination for travelers, particularly cryptocurrency enthusiasts. Salvadoran authorities reported that in 2024, the country welcomed 3.9 million tourists, marking a 22% increase from the previous year. This influx was primarily driven by visitors from the United States, many of whom were intrigued by the novelty of experiencing Bitcoin transactions in daily life. Santander Bank's analysis associates this growth with improved security conditions, noting that the annual number of homicides in the country dropped to just 114 in 2024, a significant decrease from the peak of 6,656 in 2015. The combination of reduced crime rates and curiosity about Bitcoin has helped El Salvador stand out in the global tourism market.

According to PANews, cryptocurrency analyst Willy Woo has expressed that while Bitcoin users currently exhibit a highly optimistic sentiment, caution is advised in the coming months. Woo noted that during this cycle, risk levels have peaked for the first time, leading to significant Bitcoin sell-offs for profit. He emphasized that there is still considerable profit-taking to occur before prices stabilize.

According to Binance Market Data, Bitcoin (BTC) dropped below 94,000 USDT and is now trading at 93,976.601563 USDT, with a 0.45% increase in 24 hours.

According to Foresight News, Dennis Porter, co-founder and CEO of the Satoshi Action Fund (SAF), announced that two U.S. bills concerning the establishment of a 'Strategic Bitcoin Reserve' are scheduled for hearings next week. These bills have been proposed in New Hampshire and South Dakota. The initiator of the New Hampshire bill has publicly stated that he believes there is a 50% chance of the bill being passed.

According to Cointelegraph, the establishment of a strategic Bitcoin (BTC) reserve in the United States could significantly enhance Bitcoin adoption, potentially surpassing the impact of the anticipated 2024 exchange-traded fund (ETF) launches. This insight was shared by cryptocurrency researcher CoinShares in a blog post dated January 10. In 2024, US lawmakers introduced the Bitcoin Act, a proposal aimed at directing the US Treasury Department to establish a 'strategic Bitcoin reserve' by acquiring 1 million BTC over a five-year period. The plan has received endorsement from President-elect Donald Trump, although it has yet to be enacted into law. CoinShares emphasized that the implementation of the Bitcoin Act would likely have a more substantial long-term effect on Bitcoin than the introduction of ETFs. CoinShares highlighted that interactions with institutional clients revealed that Bitcoin's credibility as an asset class remains a significant hurdle for institutional adoption. The passage of the Bitcoin Act could alleviate this stigma by effectively providing Bitcoin with the endorsement of the world's largest government, thereby encouraging institutional investors. The Bitcoin Act, introduced by US Senator Cynthia Loomis in July, has gained momentum following the November US elections, where Trump's Republican party secured control of the Senate. Additionally, several US states, including New Hampshire and North Dakota, have proposed bills to establish BTC reserves. These legislative efforts coincide with the January 2024 approval by US regulators of nearly a dozen spot BTC ETFs, which collectively surpassed $100 billion in net assets for the first time in November, as reported by Bloomberg Intelligence. Crypto analysts at Steno Research anticipate further net inflows of $48 billion into BTC ETFs by 2025. The surge in institutional inflows could lead to positive demand shocks for Bitcoin, potentially driving its price higher in 2025, according to asset manager Sygnum Bank. The enactment of the Bitcoin Act could further accelerate this trend, potentially pushing BTC's spot price beyond $1 million per coin, as suggested by Adam Back, co-founder and CEO of Blockstream. CoinShares noted that if other governments follow suit, such developments could trigger a substantial increase in asset flows into Bitcoin in the coming years.

According to Binance Market Data, Bitcoin (BTC) crossed the 95,000 USDT benchmark and is now trading at 95,017.351563 USDT, with a 1.99% increase in 24 hours.

According to PANews, CryptoQuant CEO Ki Young Ju expressed on the X platform that concerns over quantum computers compromising Bitcoin are overstated. He believes the industry will adapt to technological advancements. Even if Bitcoin were hacked, attackers might conceal the breach to prevent market panic and a collapse in Bitcoin's value. Ju further noted that if Bitcoin's founder Satoshi Nakamoto's wallet were compromised, the Bitcoin network could potentially undergo a hard fork to revert to a pre-attack state. He emphasized that Bitcoin's value is rooted in collective consensus, a fundamental aspect that quantum computers cannot undermine.

According to BlockBeats, January 10, 2024, marks the one-year anniversary since the approval of 11 Bitcoin spot ETFs, which began trading on January 11, 2023. Over the course of 250 trading days, these ETFs have seen a net inflow of $36.374 billion.BlackRock's IBIT leads with the highest net inflow of $37.85 billion, followed by Fidelity's FBTC with $12.14 billion. In contrast, Grayscale's GBTC experienced a net outflow of $21.58 billion, making it the only Bitcoin spot ETF with a net outflow.BlockBeats notes that Grayscale Bitcoin Trust was previously a primary avenue for investors entering the Bitcoin market, accumulating a substantial holding of 619,200 BTC before the introduction of spot Bitcoin ETFs. Upon transitioning to a spot ETF, it inherited this significant asset base. However, its management fee rate of 1.5% is higher than its competitors, prompting investors to redeem GBTC shares and shift to other ETFs, resulting in its status as the sole Bitcoin spot ETF with net outflows.

According to BlockBeats, Arkham's monitoring revealed that seven minutes ago, the Grayscale Bitcoin ETF transferred 700 BTC, valued at $66.03 million, to an unidentified address.

On Jan 10, 2025, 14:09 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 94,000 USDT benchmark and is now trading at 94,113.671875 USDT, with a narrowed 2.09% increase in 24 hours.

On Jan 10, 2025, 13:38 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 93,000 USDT and is now trading at 92,931.351563 USDT, with a narrowed narrowed 0.66% increase in 24 hours.

According to CoinDesk, recent economic data and profit-taking activities have impacted an early rally in Bitcoin (BTC), but investor behavior suggests that current price levels might offer a favorable entry point into the BTC market. Onchain data reveals that Bitcoin's Spent Output Profit Ratio (SOPR) has risen to 0.987 as of Friday, indicating that investors holding Bitcoin for less than six months are selling at a loss. Historically, such scenarios have often preceded price recoveries, suggesting a potential buying opportunity. Additional cycle indicators, including Market Value to Realized Value and the Puell Multiple, alongside a short-term investor ratio of 60%, suggest that the market has not yet reached its peak. This week's correction does not appear to mark the end of the bullish cycle, according to CryptoQuant contributing analyst Mac_D. "As short-term investors experience more pain, it often presents better opportunities for accumulation," Mac_D noted in a Thursday post. "If there is further decline from the current price, smart investors will likely accumulate the coins sold cheaply by short-term investors. Therefore, selling coins at this juncture might prove to be a very unwise decision." SOPR measures the profit or loss of spent Bitcoin outputs by comparing the value of coins when they were last moved to their value when they are spent again. The short-term SOPR focuses on coins moved within a relatively short timeframe (less than 155 days) and can indicate market sentiment, where a value less than 1 might suggest capitulation or a market bottom, potentially signaling a good time to buy. MVRV compares Bitcoin's total market cap (market value) to the "realized cap," which values each Bitcoin at the price at which it last moved. It is used to gauge whether Bitcoin is overbought or oversold, helping to predict potential market tops or bottoms. BTC approached $95,000 in European morning hours on Friday after a decline in U.S. hours sent it near $90,000 late Thursday, down 10% from a weekly high above $120,000. Fresh economic data led to a surge in U.S. treasury yields on Thursday, causing a fall in equities and a concurrent drop in risk assets such as Bitcoin. The latest Institute for Supply Management (ISM) report on U.S. service providers was stronger than anticipated, with the prices-paid measure reaching its highest point since early 2023. Traders are closely monitoring the release of U.S. non-farm payrolls (NFP) later Friday before making further positioning decisions. Strong NFP numbers indicate a robust economy, hinting at possible interest rate hikes, which tend to negatively impact risk assets such as Bitcoin.

According to Binance Market Data, Bitcoin (BTC) crossed the 95,000 USDT benchmark and is now trading at 95,005.757813 USDT, with a 1.70% increase in 24 hours.

Bitcoin may be gearing up for another rise as investors eye the impact of upcoming U.S. unemployment rate data. According to TechFlow, Michaël van de Poppe, founder and CIO of MN Consultancy, suggests that Bitcoin has already absorbed liquidity at its recent low point and is positioned for a potential rebound.Key Insights from Michaël van de PoppeVan de Poppe noted that Bitcoin’s price action reflects resilience, as the cryptocurrency rebounded after reaching liquidity-driven lows. He believes that unfavorable U.S. unemployment rate data could act as a catalyst for Bitcoin's next move higher.“The upcoming unemployment rate figures will play a crucial role. If the data is less positive, we may see Bitcoin continuing its upward trajectory,” he stated.Upcoming Data Release to Influence MarketsThe U.S. unemployment rate for December is set to be announced on January 10, 2025, at 21:30 Eastern Time. Market participants are closely monitoring this data as it could impact broader financial markets, including Bitcoin, by influencing investor sentiment and liquidity conditions.Market OutlookBitcoin’s price movements often correlate with macroeconomic indicators, and employment data is a critical factor shaping market expectations. With growing anticipation surrounding the release, investors are preparing for potential volatility and opportunities in the crypto market.

According to BlockBeats, a report from investment bank Jefferies reveals that U.S.-listed Bitcoin mining companies accounted for 25.3% of the global hashrate in December 2024. The report highlights an improvement in profitability for mining companies during the month, attributed to a 15% increase in the average price of Bitcoin, which significantly outpaced the 6.5% growth in network hashrate.

The U.S. Department of Justice (DOJ) is set to auction $6.5 billion worth of Bitcoin (BTC) seized from Silk Road. This sale, part of the government’s $18.5 billion BTC reserves, has raised concerns about its potential impact on Bitcoin's price, especially ahead of Donald Trump’s presidency.What’s Driving the Sale?A Politically Motivated Move?As of Jan. 9, the U.S. government holds 198,000 BTC, valued at $18.5 billion, according to Arkham Intelligence. Analysts speculate that the Biden administration may sell all government-held Bitcoin before leaving office, potentially as a political maneuver.Fox Business contributor Jason Williams alleged the Biden administration's sell-off could aim to lower Bitcoin's price during a bull market, forcing the incoming Trump administration to buy back at higher prices. “This is a blatant perversion of the government’s fiduciary responsibility,” Williams stated, pointing out the disparity between current sales at $94,000 per BTC and potential future buybacks.Will the Sell-Off Crash Bitcoin Prices?Historical Trends Provide ReassuranceBitcoin’s (BTC) price dipped 2.78% after the court ruling approving the $6.5 billion auction. However, historical data shows that U.S. government Bitcoin (BTC) auctions have had minimal long-term impact on BTC prices.Between March 2023 and January 2025, the U.S. government reduced its holdings by 38,000 BTC, valued at approximately $3.54 billion. Despite this sell-off, Bitcoin's price surged 375% during the same period, driven by rising demand for spot Bitcoin ETFs and optimism over Trump’s pro-Bitcoin policies.Auction Mechanisms Minimize Market ImpactGlassnode co-founders Jan Happel and Yann Allemann clarified that the DOJ does not sell Bitcoin directly on cryptocurrency exchanges. Instead, the U.S. Marshals Service conducts public auctions, minimizing market disruption by avoiding large-scale sell-offs on exchanges.Missed Profits and Market AbsorptionGovernment's Unrealized GainsThe U.S. government has previously sold 195,092 BTC for $366.5 million, an amount that would now be worth approximately $18.25 billion. This represents a missed opportunity of nearly $17.9 billion, highlighting the steep cost of early liquidations.Market ResilienceKi Young Ju, CEO of CryptoQuant, reassured investors, stating:“Last year, $379 billion entered the market based on realized cap—roughly $1 billion per day. The U.S. government selling $6.5 billion could be absorbed in just a week. Do not panic.”Outlook for BitcoinWhile the DOJ’s planned Bitcoin auction may introduce short-term volatility, historical patterns and auction mechanisms suggest that Bitcoin’s price can recover quickly. The broader market remains optimistic, fueled by strong demand and Trump’s commitment to integrating Bitcoin into U.S. strategic reserves.

Bitcoin’s (BTC) rally to $100,000 has been dampened by soaring U.S. Treasury yields and a strengthening dollar, raising concerns about the sustainability of the “Trump trade.” While initial optimism surrounded U.S. President-elect Donald Trump’s pro-crypto stance, recent market shifts have triggered a sharp reversal in digital assets.Rising Treasury Yields Pressure BitcoinBitcoin's Decline Amid Bond Yield SurgeBitcoin (BTC) briefly touched $100,000 at the start of January but has since retreated, posting a 6% decline over the past 30 days. The surge in U.S. Treasury yields, with the 10-year note nearing 4.70% and 30-year bonds hitting a 14-month high, has reduced liquidity in risk markets, making traditional instruments like bonds more appealing.“Higher Treasury yields reduce global liquidity, which is essential for Bitcoin and crypto growth,” said Eloísa Cadenas, Chief Innovation Officer at Monetae.Federal Reserve's ImpactThe Federal Reserve’s cautious approach to interest rate cuts has added to the uncertainty. Despite cutting rates for the third time in 2024, the Fed signaled a slower pace of easing moving forward, further weighing on Bitcoin's momentum.The Correlation Between Bitcoin and MarketsBitcoin’s Link to NasdaqBitcoin’s (BTC) performance remains closely tied to the Nasdaq, with a current correlation of 64%, according to Robert Wallden, Head of Trading at Abra. He noted:“Bitcoin and digital assets are seeking a new catalyst. While volatility has risen, dips could present buying opportunities as long as $82,000 holds.”Altcoins and Broader Market ImpactsAltcoins have felt the brunt of increased volatility, triggered by strong economic data and inflation fears. Meanwhile, Wall Street’s major indexes, including the tech-heavy Nasdaq, have trended lower in recent weeks.Can the Trump Trade Revive Bitcoin?Pro-Crypto Policies Offer Long-Term HopeThe Trump administration’s appointments of cryptocurrency advocates signal a favourable institutional framework for digital assets. Michael Strobaek, Global CIO at Lombard Odier, highlighted Trump’s influence:“Trump’s presidency has historically boosted Bitcoin (BTC) by $40,000. Despite current corrections, this trend should continue.”Optimism Amid CorrectionsAnalysts remain hopeful for a long-term Bitcoin rally, with Cadenas adding:“The Fed’s policies may cause short-term fluctuations, but the $70,000 Bitcoin price two months ago shows the sector’s resilience.”While concerns over the U.S. deficit and potential tariff wars linger, the prospect of pro-crypto policies under Trump offers optimism for Bitcoin and the broader cryptocurrency market, according to Cointelegraph.

According to Binance Market Data, Bitcoin (BTC) crossed the 94,000 USDT benchmark and is now trading at 94,014.53125 USDT, with a 0.53% decrease in 24 hours.