Bitcoin News: Bitcoin Surges to $97,000 Amid Sino-U.S. Trade War Tensions
As the Sino-U.S. trade war intensifies, Bitcoin has reached a new high of $97,000, while gold rebounds to $2,659. The U.S. dollar index has also risen, reflecting market volatility and risk aversion.
Sino-U.S. Trade War Update: Gold Rebounds, Bitcoin Hits $97,000
The U.S. dollar index ROSE above 109.20, and U.S. initial jobless claims data were lower than expected, boosting this year's Fed hawk pricing. As the Sino-U.S. trade war continues, China has added 28 U.S. entities to its export control list and proposed further restrictions on battery and key mineral technology exports. The U.S. is considering new restrictions on Chinese drones. Gold rebounded to $2,659, supported by risk aversion. Bitcoin surged to $97,000, reigniting bullish sentiment with strong technical momentum.
Tesla Leads Stock Market Decline, Bitcoin Rises Cautiously
The global stock market has had a rough start in 2025. The three major U.S. stock indexes are all down, and U.S. bond yields and the U.S. dollar index continue to rise. Tesla's full-year vehicle delivery volume fell for the first time in 2024, causing its stock price to drop 6%, more than 20% from its pre-Christmas high. Meanwhile, Bitcoin cautiously rose above 96K as traders remained cautious ahead of Trump's inauguration.
16th Anniversary of Bitcoin Genesis Block
Today marks the 16th anniversary of the birth of the Bitcoin genesis block. The block was captured on January 3, 2009, with a block reward of 50 BTC. The current total block height of Bitcoin has reached 877566. The genesis block contains a headline from The Times: 'The Chancellor on brink of second bailout for banks'.
Cango Produced 569.9 Bitcoins in December 2024
Cango, a New York Stock Exchange-listed company, produced 569.9 Bitcoins in December 2024, marking a 56% increase from 363.9 Bitcoins produced in November. The company's Bitcoin holdings increased to 933.8 coins by the end of the month, with no Bitcoin sold during the period. Cango's average computing power reached 30.4 EH/s, a quarterly increase of 2%.
MetaPlanet Plans to Increase Bitcoin Holdings to Over 10,000 by 2025
MetaPlanet, a Japanese hotel development and operation company, plans to boost its Bitcoin holdings to more than 10,000 by 2025, aiming to rank among the top ten Bitcoin holding companies globally. As of the end of 2024, the company held 1,762 Bitcoins valued at approximately $262 million. MetaPlanet continues acquiring Bitcoin through stock and bond issuance, positioning it as a CORE asset for corporate financial management. Additionally, the company intends to promote Bitcoin education and popularization by transforming its hotel brands into 'Bitcoin Hotels' and launching 'Bitcoin Magazine Japan'.
Analysts Highlight Investor Sentiment Shift As Bitcoin Approaches $98,000
After weeks of consistent price correction, Bitcoin's latest performance now appears to be demonstrating a rebound, reclaiming the $96,000 price mark and approaching the $98,000 level. As Bitcoin nears this key level, data shows mixed signals across key market indicators, reflecting a shift in investor sentiment. Analysts have identified patterns in funding rates and premium metrics, which serve as tools for interpreting market sentiment and predicting potential price movements.
