Bitcoin Faces Market Volatility as Key Economic Data Looms

Bitcoin stabilizes near $95,000 after recent dip, with economic indicators and government actions influencing investor sentiment.

Bitcoin has rebounded to nearly $95,000 after testing support levels around $90,000, following a sharp decline from its all-time high of $108,135 in December.
Upcoming U.S. nonfarm payroll data is expected to significantly impact market sentiment, with stronger-than-expected results potentially increasing Federal Reserve hawkishness.
The U.S. Department of Justice plans to sell $6.5 billion worth of Bitcoin seized from the Silk Road, which experts suggest could create temporary market pressure depending on the sales strategy.
Experts remain optimistic about Bitcoin's long-term prospects, citing strong ETF inflows, institutional adoption, and a pro-crypto stance from the incoming Trump administration.
Market analysts are divided on whether Bitcoin's recent dip is a temporary correction or signals a broader market shift, with predictions ranging from stabilization to potential new highs in 2025.