Bitcoin fell 0.3% on Monday to $94,268.7, marking a third consecutive day of decline. Strong U.S. wage data showing the addition of 256,000 jobs in December has raised concerns about a reduction in Fed rate cuts in 2025, putting pressure on the crypto market. A cautious Fed stance could further weigh on Bitcoin.

Additionally, reports of the U.S. government's plan to sell $6.5 billion worth of Bitcoin seized from Silk Road have also added pressure to the market. This potential increase in supply is dampening sentiment and creating uncertainty for the token's short-term performance.

Higher Treasury yields are another headwind, with analysts warning that if yields continue to rise, Bitcoin's price could drop to $90,000. Combined with concerns over government sales, Bitcoin faces significant obstacles in the coming weeks.