As of January 22, 2025, Bitcoin (BTC) is trading at $106,383, reflecting a 2.47% increase from the previous close.
This upward trend aligns with Bitcoin's recent performance, where it surpassed the $100,000 milestone in December 2024. The surge is attributed to growing institutional interest, with significant investments such as MicroStrategy's $2 billion Bitcoin purchase in November 2024.
However, the cryptocurrency market remains volatile. In December 2024, Bitcoin experienced an 8% drop, falling below $94,000, following comments from Federal Reserve Chairman Jerome Powell dismissing speculation about BTC reserves. Additionally, Reserve Bank of India Governor Shaktikanta Das has expressed concerns over cryptocurrencies, citing potential risks to financial and monetary stability.
Despite these fluctuations and regulatory apprehensions, Bitcoin continues to demonstrate resilience, maintaining its position as a leading digital asset in the global financial landscape.
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