Here are some of the latest news and updates on Bitcoin:
# Recent Market Trends
- Bitcoin's price has dropped below $104,000, putting it into a consolidation phase where lower lows could be tested.
- The cryptocurrency market capitalization has decreased by 4.5%, falling from $3.55 trillion to $3.45 trillion.
- Bitcoin needs to protect old all-time highs from December 2024 during the upcoming weekly candle close, analysis says amid warnings of a "deeper pullback" ¹ ².
# Regulatory Updates
- The IMF questions Pakistan's plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks.
- The US government argues Coinbase user James Harper has no right to block IRS access to his crypto records in Supreme Court filing.
- The SEC said protocol staking isn’t a securities transaction, marking a key win for crypto regulation and paving the way for potential ETF staking approval ².
# Institutional Demand
- Institutional demand for Bitcoin and increasing regulatory clarity are positive factors for Bitcoin in 2025, head of research Katalin Tischhauser says.
- Trump Media raised $2.44 billion to launch a corporate Bitcoin treasury, which could place the firm among the top five global corporate BTC holders.
- Cantor Fitzgerald Asset Management is considering a new fund that protects investors against Bitcoin's volatility with gold ² ¹.
# Adoption News
- Panama City proposes Bitcoin payments for priority passage through the Panama Canal.
- Paris Saint-Germain, a European football club, has become the latest to add Bitcoin to its balance sheet.
- Pakistan plans to set up a Bitcoin reserve, echoing the U$BTC
S crypto strategy ¹.