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Bitcoin Fails to Continue Rising as It Approaches $100,000
Money and business
Economy News - Follow-up
[rtl]Bitcoin has fallen after a period of highs that brought it close to the historic $100,000 mark, amid warnings that investors' optimism about President-elect Donald Trump's crypto policies has become overblown.[/rtl]
[rtl]The cryptocurrency fell to $95,776 on Sunday, having needed just $300 to reach the six-figure threshold on Friday. The coin struggled to gain traction near $97,000 during early Asian trading on Monday, leading to a bearish sentiment in the cryptocurrency market as a whole.[/rtl]
[rtl]“Investors are concerned that Bitcoin may need a break after approaching $100,000,” said Matt Maley, chief market strategist at Miller Tabak + Co. “The optimism surrounding Bitcoin has become excessive.”[/rtl]
Views 67
Added 11/25/2024 - 12:32 PM
https://economy-news.net/content.php?id=50205
Money and business
Economy News - Follow-up
[rtl]Bitcoin has fallen after a period of highs that brought it close to the historic $100,000 mark, amid warnings that investors' optimism about President-elect Donald Trump's crypto policies has become overblown.[/rtl]
[rtl]The cryptocurrency fell to $95,776 on Sunday, having needed just $300 to reach the six-figure threshold on Friday. The coin struggled to gain traction near $97,000 during early Asian trading on Monday, leading to a bearish sentiment in the cryptocurrency market as a whole.[/rtl]
[rtl]“Investors are concerned that Bitcoin may need a break after approaching $100,000,” said Matt Maley, chief market strategist at Miller Tabak + Co. “The optimism surrounding Bitcoin has become excessive.”[/rtl]
Views 67
Added 11/25/2024 - 12:32 PM
https://economy-news.net/content.php?id=50205
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