Bitcoin’s march towards historic US$100,000 level stalls as crypto investors show caution

Quick Summary:

Bitcoin was extremely overbought since the election,’ one analyst says.

Trump has promised friendlier regulations and pledged to set up a national bitcoin stockpile, though the timeline for implementation and the feasibility of the bitcoin reserve remain open questions.

Trump’s incoming US administration is viewed as a crypto tailwind across Wall Street and beyond.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongSouth Korea

Topics: Bitcoin Crypto Level Sputtered Retreated Trump’s Cryptocurrencies Us$100 Rally Getting Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 09:51:23 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 195 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23809148

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

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