Bitcoin Prices Today: Bitcoin slumped to an almost two-month low on Monday, January 13, 2025, after investors dumped riskier assets amid a sharp rise in US bond yields. The world's largest and original cryptocurrency dropped 3.6 per cent to $90,957 on Monday, its lowest since November 26, 2024, and well below the peak of $108,316 it reached in December 2024.
Other cryptocurrency assets were also trading at lower than usual levels, with Ether down 5.3 per cent. Stronger-than-expected US jobs data on Friday prompted traders to curtail bets that the US Federal Reserve may cut interest rates again anytime soon, exacerbating an already slim start to 2025.
The debut of US exchange-traded funds tied directly to Bitcoin and US President-elect Donald Trump’s outspoken support for the digital assets industry lifted the cryptocurrency to a record high last year. However, that optimism has mostly waned in 2025, with analysts suggesting that traders await certainty in the market following Trump’s January 20 inauguration.
Meanwhile, MicroStrategy Inc. bought $243 million of Bitcoin, the 10th consecutive weekly purchase by the enterprise software company turned leveraged Bitcoin proxy. The Tysons Corner, a Virginia-based firm, now owns over two per cent of all the Bitcoin that will ever exist. According to reports, MicroStrategy owns around $41 billion of the original cryptocurrency.
Also Read: Man’s Bitcoin treasure worth £598 million lost in landfill—Court rejects his bid to recover it
Also, in other news, cryptocurrency firm Tether plans to move its headquarters to El Salvador. According to news agency Reuters, the founders behind the world's biggest stablecoin want to capitalise on the Central American country's bid to become a hub for cryptocurrency trading.
However, the stablecoin market has worried regulators that stablecoin reserves expose the broader financial system to bigger risks because they bridge the crypto universe and the mainstream financial markets.
Tether has emerged as a dominant force in the booming crypto market for stablecoins, designed to maintain a constant value by being pegged to traditional currencies and offering users a way to move money between the cryptocurrencies without being exposed to volatile price swings.
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