BTC News
As of January 29, 2025, Bitcoin (BTC) is trading at approximately $103,811, reflecting an increase of 1.2% from the previous close.
In recent developments, Aleš Michl, the governor of the Czech National Bank, plans to propose investing up to 5% of the bank's €140 billion reserves in Bitcoin. If approved, this would amount to a €7 billion investment in the cryptocurrency. Michl acknowledges Bitcoin's volatility but emphasizes its potential for diversification and growth, noting increasing investor interest and the approval of Bitcoin exchange-traded funds.
Additionally, Bitcoin has seen gains ahead of the Federal Reserve's key interest-rate decision. The Federal Reserve is expected to maintain interest rates between 4.25% and 4.5% after previous cuts and provide signals about future borrowing costs. These signals could impact crypto prices, as higher interest rates often lead investors to choose safer investments like bonds over riskier assets such as cryptocurrencies.
Analysts remain optimistic about Bitcoin's performance in 2025, with forecasts suggesting potential rallies beyond $160,000, driven by favorable U.S. financial policies and increased institutional adoption. However, caution is advised due to potential profit-taking from 2024 gains, which could introduce periods of volatility.
