$BTC

As of February 6, 2025, Bitcoin (BTC) is trading at approximately $96,604, reflecting a slight decrease of 0.01194% from the previous close. The day's trading range has seen a high of $99,167 and a low of $96,148.

Additionally, Bitcoin has seen a rise in its value, trading at $98,700, up 1.3% early Thursday, recovering from a recent low of $91,687. This increase comes amid mixed reactions in the crypto market following recent economic announcements.

In a significant policy shift, El Salvador has ceased recognizing Bitcoin as legal tender as of January 31, 2025. This decision follows a reform of the Bitcoin law to meet International Monetary Fund (IMF) requirements and secure a $1.4 billion loan. Consequently, Bitcoin is no longer mandatory as a means of payment and cannot be used to pay taxes in the country. Despite this change, El Salvador maintains its commitment to the crypto community through educational initiatives and new Bitcoin acquisitions.