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BTC briefly touches $94k amid sentiment-driven dip

  • BTC fell below $95k as sellers intensified pressure.
  • As well as the sentiment, key events to watch out for this week include tariffs news, Fed chair Jerome Powells testimony and CPI data release.

Bitcoin (BTC) has witnessed notable downside pressure since recoiling from the all-time high reached in 2024 amid Trump’s victory in the US election.

The benchmark crypto asset has broken to year-to-date highs with bulls largely unfazed. However, the past few days have seen BTC struggle below the psychological $100k level.

BTC chart by CoinMarketCap

On Feb. 10, the price of BTC flipped negative to briefly touch lows of $94.7k. While it has bounced to above $97k at the time of writing, analysts at QCP Capital say the market is cautious.

What next for Bitcoin, altcoins

Notably, the dip that pushed Bitcoin price to lows of $94,745 appears to be more of sentiment-driven than a reflection of a fundamental shift in broader markets’ risk appetite. QCP analysts opine that volatility will remain skewed toward puts for the next couple months.

Among key things to watch out for is also Federal Reserve chair Jerome Powell’s testimony and the upcoming consumer price index data. Trump’s latest tariff move involving a 25% tariff on steel and aluminum could also fuel further uncertainty.

“A feedback loop is emerging—Trump watches the markets, and the markets test his resolve. Will this embolden him further or force a pivot?” the analysts noted, pointing to the issue of tariffs and the market reaction.

Despite the potential impact of a short term outlook, whales are strengthening to suggest long term confidence in Bitcoin performance.

According to crypto analyst and YouTuber ‘CryptoJack’, 14,000 BTC have moved on-chain to suggest whales may be making moves amid an expected bull market.

Bitcoin traded near $98k as of 11:30 am CET, with bulls likely to target $100k if positive vibes surge.

The post BTC briefly touches $94k amid sentiment-driven dip appeared first on CoinJournal.

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Bitcoin hard drive containing $780m lost forever as UK landfill site is set to close

  • James Howells lost his court battle against Newport City Council in January
  • The judge ruled that there were “no reasonable grounds” for succeeding at a full trial
  • Today, Howells’ Bitcoin would be worth around $780 million

A UK landfill site where a man lost his hard drive containing 8,000 Bitcoin is reportedly set to close in the 2025-26 financial year.

The site, in Newport, Wales, “has been in exploitation since the early 2000s and is coming to the end of its life, therefore the council is working on a planned closure and capping of the site over the next two years,” said a council spokesperson.

According to the BBC, a solar farm will be built on part of the site after it received planning permission last August.

Lost battle

In January, James Howells lost his court battle against Newport City Council to recover his lost hard drive. In 2013, his former partner mistakenly threw it out in a black bin bag.  Judge Keyser KC, the Circuit Commercial Judge for Wales, dismissed Howells’ case. At the time, Keyser stated there were no “reasonable grounds” for succeeding at a full trial.

Over the last 12 years, Howells tried to engage with Newport City Council to recover his lost hard drive, but was “largely ignored.”

At the time of his loss, his assets – that he mined in 2009 – were worth around $1.3 million. Today, they would be valued at over $780 million.

The post Bitcoin hard drive containing $780m lost forever as UK landfill site is set to close appeared first on CoinJournal.