Bitcoin just doesn’t seem to be able to catch a break, as the asset slipped below $93,000 on a couple of occasions in the past 12 hours or so. Many altcoins are also in dire situations, with notable price losses from the likes of DOGE, ADA, AVAX, LINK, and others. BTC’s Troubles Keep Mounting It
Before winning the 2024 presidential election in a landmark victory for the cryptocurrency sector, former president Donald Trump promised to establish a national Bitcoin reserve. As a result, crypto markets have been making big bets on Bitcoin’s price increasing throughout 2025. But Trump hasn’t yet committed the federal government to making any new Bitcoin purchases.
On Jan. 9, crypto news feed DB News reported that “an official confirmed” the US government has been given the green light to liquidate 69,000 BTC worth around $6.5 billion from Silk Road seizures. An unsourced screenshot read, “A federal judge ruled on Dec. 30 that the DoJ (Department of Justice) can sell 69,370 Bitcoin
Martin Shkreli argued that members of the Wu-Tang Clan should participate in a court battle he’s facing over a rare album they produced as they still hold rights to it.
Musk will head the newly-created White House advisory office named D.O.G.E. It’s a play on the Texas techno king’s love for Dogecoin and an acronym that stands for Department of Government Efficiency. DOGE Aims to Whip Inflation Now We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk (@elonmusk) December 26, 2024