Bitcoin's climb towards $100,000 slows as investors exercise caution
scmp.com —
Bitcoin's rise towards the US$100,000 mark has slowed, dropping to US$95,776 on Sunday after nearing the milestone on Friday. Early trading on Monday showed it struggling around US$97,000, impacting the broader crypto market. Analysts note that investor caution has increased, with concerns about Bitcoin needing a pause after testing the US$100,000 level. The recent bullish sentiment is seen as extreme. The digital asset market has gained about US$1 trillion since the Republican election victory on November 5. Trump's administration is expected to support crypto, promising friendlier regulations and a national bitcoin stockpile, though details remain unclear.