$BTC As of January 30, 2025, Bitcoin (BTC) is trading at approximately $105,094, reflecting a 2.3% increase from the previous close.

Key Developments:

Market Performance: Bitcoin has experienced a notable rise, with a 2.7% increase early Thursday, trading at $105,253. This surge comes despite the Federal Reserve maintaining interest rates at 4.25-4.5% and acknowledging ongoing inflation concerns.

El Salvador's Legislative Action: In response to a $1.4 billion loan agreement with the International Monetary Fund (IMF), El Salvador's Congress has swiftly approved amendments to its Bitcoin law. The IMF had advised the country to limit its Bitcoin exposure and ensure that its acceptance remains voluntary in the private sector.