Bitcoin News: Market Volatility as Bitcoin Drops to $102k Amid US Stock Market Highs

The US stock market has surged to a new all-time high, with the index closing at 6,086.37, just below its previous peak of 6,090.27. This recovery comes after a challenging December, where the index dropped by 2.5%, largely due to diminished expectations for Federal Reserve rate cuts in 2025. Concurrently, Bitcoin has experienced a significant decline, falling to $102k. Jamie Dimon, CEO of JPMorgan Chase, has issued a cautionary note at the World Economic Forum, highlighting the ongoing volatility in the cryptocurrency market.

US Stock Market Hits New All-Time High as Bitcoin Drops to $102k

The US stock market reached a new all-time high, with the index closing slightly lower at 6,086.37, still near its previous peak of 6,090.27. This recovery follows a sluggish December, where the index fell by 2.5%, primarily due to reduced expectations for Federal Reserve rate cuts in 2025. Meanwhile, Bitcoin experienced a significant drop, falling to $102k. Jamie Dimon, CEO of JPMorgan Chase, cautioned at the World Economic Forum in Davos about the high asset valuations, suggesting that current Optimism is on a precarious edge. He emphasized the need for a strong economic foundation to justify these valuations.

Bitcoin Price Forecast: BTC Edges Below $102K Ahead of Mid-Tier US Data and Trump’s Tariff Threats

Bitcoin price continues to decline, trading below $102,000 on Thursday after falling 2.3% the previous day. BTC could expect volatility after the US weekly Initial Jobless Claims data release on Thursday. In a Bloomberg Live interview on Wednesday, BlackRock CEO Larry Fink said BTC could rise to $700,000.

Ross Ulbricht’s $44M Bitcoin Stash Found—But Can He Access It?

Ross Ulbricht’s unclaimed Bitcoin fortune, valued at $44 million, has emerged from dormancy. The discovery of the Silk Road founder’s digital assets comes right after his presidential pardon. Coinbase director Conor Grogan tracked down roughly 430 Bitcoin in multiple wallets linked to Ulbricht that remained frozen during his time behind bars. These wallets, which were likely considered dust wallets over a decade ago, are now collectively worth about $47 million. The question remains whether Ulbricht can access these funds given his legal status and the ongoing scrutiny of his assets.

Bitcoin Realized Cap Hits $832 Billion Milestone

Despite the low rate of capital inflows, Bitcoin has managed to surpass the market’s expectations by reaching an all-time high. The Realized Capitalization of Bitcoin reached an all-time high of $832 billion on Wednesday, demonstrating the confidence of investors and the fortitude of the asset, according to market insights from Glassnode. Realized capitalization is a significant departure from market capitalization, as it determines the value of each Bitcoin by utilizing its most recent transaction price, rather than the current market price for all cryptocurrencies. This method monitors the movement of coins and identifies the locations where long-term holders are withdrawing.

Bitcoin Price Forecast: BTC edges below $102K ahead of mid-tier US data and Trump’s tariff threats

Bitcoin’s (BTC) price continues to decline, trading below $102,000 at the time of writing on Thursday after falling 2.3% the previous day. Later in the day, BTC could expect volatility after the US weekly Initial Jobless Claims data release. In an interview with Bloomberg Live on Wednesday, BlackRock CEO Larry Fink said BTC could raise to $700,000.