On January 10, 2025, the price of Bitcoin experienced significant volatility.

According to data from Coinmarketcap, at 8:00 AM on January 10, 2025 (Vietnam time), the price of Bitcoin was trading at 92,796 USD, down 2.39% in the past 24 hours, with a trading volume of 63.2 billion USD.

This decline is attributed to concerns about the tightening monetary policy of the Federal Reserve (Fed), making cryptocurrencies less attractive to investors.

Additionally, news about the U.S. Department of Justice preparing to auction 69,370 BTC (worth about 6.5 billion USD) confiscated from the Silk Road market also contributed to downward pressure on Bitcoin.

However, some reports suggest that Bitcoin "whales" have started to accumulate again after the largest sell-off of 2024, indicating confidence in the long-term potential of this cryptocurrency.