Bitcoin News: Potential Retest Below $100,000 Amid Market Volatility

Bitcoin's recent surge above $100,000 has introduced significant market volatility, with prices fluctuating between $99,701 and $106,307 within 24 hours. Despite achieving a daily close above a key resistance level, Bitcoin continues to test the $106,000 boundary. A failure to maintain this level could result in a price downturn, potentially retesting levels substantially below $100,000, possibly as low as $91,000. Analyst Rekt Capital

Bitcoin Price Volatility and Potential Retest Below $100,000

Bitcoin's recent surge above $100,000 has introduced significant market volatility, with prices fluctuating between $99,701 and $106,307 within 24 hours. Despite achieving a daily close above a key resistance level, Bitcoin continues to test the $106,000 boundary. A failure to maintain this level could result in a price downturn, potentially retesting levels substantially below $100,000, possibly as low as $91,000. Analyst Rekt Capital highlights the importance of this resistance level in determining Bitcoin's short-term price trajectory.

Rumble Makes its First Bitcoin Purchase As a Part of its $20 Million Treasury Plan

Rumble, a publicly traded company valued at $3.6 billion, has made its first Bitcoin purchase as part of a $20 million treasury plan. The company has indicated plans to expand its Bitcoin holdings in the future, reflecting a growing trend among public companies adopting Bitcoin as a reserve asset. Following the announcement, Rumble’s stock surged by more than 5%. Rumble joins a list of other firms integrating Bitcoin into their financial strategies, including MicroStrategy, Semler Scientific, Marathon Digital, and Metaplanet. Rumble initially outlined its Bitcoin strategy in November 2024, with the platform’s CEO, Chris Pavlovski, reportedly discussing it with MicroStrategy’s Michael Saylor.

8 US States Propose a Bitcoin Reserve Before Trump’s Inauguration

In a significant development for the cryptocurrency market, eight US states have proposed maintaining a Bitcoin reserve. This initiative is driven by Donald Trump’s pro-crypto stance and his promise to make the US the 'crypto capital of the world.' The states involved include Texas, Pennsylvania, Ohio, New Hampshire, North Dakota, Wyoming, Massachusetts, and Oklahoma. The idea, spearheaded by Senator Cynthia Lummis, aims to 'supercharge the US dollar’s position' and establish the US as a leader in the crypto space. Bitcoin is already seeing a surge, with prices approaching $110K, fueled by these rumors and the overall bullish sentiment in the market.

Bitcoin (BTC) Tumbles by Over $5K in Minutes as Trump’s Inauguration Begins

Donald Trump’s inauguration as the 47th US president has officially started, and massive volatility hit the crypto market as expected. Bitcoin’s price tumbled from over $107,000 to under $102,000 as the market prepares for his actions toward the industry after his numerous promises during the campaign. It was already a wild day as the primary cryptocurrency dumped to under $100,000 this morning following the Trump family’s meme coin saga. However, instead of continuing further south, the asset bounced off and headed toward new peaks. Just a few hours later, it knocked the December all-time high and spiked above $109,400 to mark a new record. More volatility ensued in the hours leading to the start of the inauguration. Yet, BTC had calmed at around $107,000 but dropped hard.

Crypto Inflows Soar to $2.2 Billion Amid Trump Inauguration Euphoria

The rally brought total year-to-date (YTD) inflows to $2.8 billion, setting a promising tone for the crypto market this year. The latest CoinShares report indicates that Bitcoin led the charge, attracting $1.9 billion in inflows last week. This brought its YTD total to $2.7 billion, with total assets under management (AuM) for digital asset products reaching $171 billion. Interestingly, while the price of Bitcoin has risen significantly, minor outflows from short positions amounted to $0.5 million — a rare occurrence during bullish momentum. This suggests a growing confidence among investors that the current rally has staying power. Further, the US accounted for the lion’s share of the inflows, contributing $2 billion. However, other regions also reported notable activity.