Bitcoin remains below $100,000 as market eyes new developments

Bitcoin is currently trading below $100,000, failing to reach this significant milestone despite recent market enthusiasm. It came close, hitting nearly $99,700 on Friday, but could not break the $99,000 barrier over the weekend. The cryptocurrency market has gained about $1 trillion since Donald Trump’s election win, with expectations of friendlier regulations. Discussions are underway to create a new White House position focused on digital-asset policy, reflecting a shift in the U.S. government's approach to crypto. Market sentiment has been boosted by plans from MicroStrategy to increase Bitcoin purchases and the introduction of options on U.S. Bitcoin exchange-traded funds. However, experts continue to express concerns about Bitcoin's volatility and its role in investment portfolios.