As of January 8, 2025, Bitcoin (BTC) is trading at approximately $95,741, reflecting a 5.73% decrease from the previous close.

This decline follows a recent surge where Bitcoin surpassed the $100,000 mark, driven by optimism surrounding President-elect Donald Trump’s pro-crypto stance and his commitment to making the U.S. the “crypto capital of the planet.” 

The recent price drop is attributed to strong U.S. economic data, which has led to expectations of fewer Federal Reserve rate cuts in 2025. 

Despite this volatility, financial institutions like BlackRock have recommended that investors consider allocating up to 2% of their portfolios to Bitcoin, indicating sustained institutional interest in the cryptocurrency. 

Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. It’s advisable to consult multiple sources and consider your financial situation before making investment decisions.