Amir.Eth
@alonea
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Bitcoin Price Update β January 30, 2025
Yesterday, Bitcoin (BTC) saw a slight dip, closing at $104,789, down 0.14% from the previous day. The price fluctuated between a high of $106,351 and a low of $103,907 throughout the day.
Key Events That May Have Influenced BTC:
ECB Pushes Back on Bitcoin Reserves: European Central Bank President Christine Lagarde rejected a proposal from the Czech central bank to include Bitcoin in official reserves, citing concerns over volatility and concentration among a few holders.
El Salvador Reverses Bitcoin Legal Tender Status: The country's parliament passed a reform that removed Bitcoinβs status as legal tender, making its use optional instead. This move aligns with conditions set by the IMF for a $1.4 billion loan, aiming to reduce risks linked to Bitcoin.
These factors might have played a role in Bitcoin's minor pullback. Stay tuned for more updates! π 1 reply
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