Bitcoin initially surged past 100,000 USD in early 2025, reaching a HIGH of 102,290 USD. However, it subsequently declined sharply due to economic reports and announcements by the Federal Reserve about interest rates. By Friday, Bitcoin had dropped to around 91,914 USD amid concerns about low unemployment and inflation.

Significant withdrawals from American Bitcoin ETFs contributed to the volatility in Bitcoin prices. Over half a billion USD was pulled out, resulting in further declines. The US government’s approval to liquidate over 69,000 Bitcoins seized from the Silk Road marketplace raised concerns about increased selling pressure on the crypto market.

Several states have shown interest in establishing Bitcoin as a strategic reserve to combat inflation. Notably, states like Ohio, Texas, and New Hampshire are considering these moves. The potential sale of Silk Road’s Bitcoins and discussions about a national strategic reserve by new political leadership might reshape the market dynamics.