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Cryptocurrency News Articles

Bitcoin Flirts With US$100,000 On Optimism Over US Crypto Outlook

Nov 24, 2024 at 11:03 am

Bitcoin has spent the weekend so far trading well shy of the landmark US$100,000 level, once again dashing enthusiasts' hopes that the oldest of digital assets would breach that significant financial — and psychological — threshold.

Bitcoin Flirts With US$100,000 On Optimism Over US Crypto Outlook

Bitcoin price has largely remained below the key resistance level of US$100,000 on optimism over the US crypto outlook.

Cryptocurrencies have been rallying since Donald Trump was elected to a second term in the White House. Investors are betting on friendlier regulations in the US and an expansion of mainstream interest and awareness driven by the president-elect’s own avowed support for crypto. The crypto market as a whole has gained about US$1 trillion since Trump’s election win.

However, the momentum hasn’t been quite enough for the largest crypto token to set a major new milestone. While Bitcoin came within US$300 of the US$100,000 mark on Nov 22 afternoon, it seemed unable to push past US$99,000 on Nov 23.

Original source:com

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