Bitcoin’s Rally Stalls After Nearing the Historic $100,000 Level

Bitcoin steadied after a rally toward $100,000 stalled just below the milestone, with traders assessing whether optimism fueled by President-elect Donald Trump’s support for crypto is overblown.

The digital asset briefly dipped to $95,776 on Sunday but rebounded to $98,065 by Monday morning.

While Trump’s support for crypto, including promises of friendlier regulations and a national Bitcoin stockpile, has boosted market sentiment, some investors worry the rally is peaking, Bloomberg has reported.

read more: https://finance.yahoo.com/news/bitcoin-rally-stalls-nearing-historic-220044280.html

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