Bitcoin's March to $100,000 Has Stopped; Why?
Flavius Niculescu
Bitcoin has surged more than 30% since the U.S. election earlier this month, but has yet to break the psychological $100,000 mark. The world's most popular cryptocurrency hit an all-time high of around $99,617 last week, but has since started to decline, trading at $92,200 yesterday afternoon, according to data from Investing.com. There are a few reasons why Bitcoin is holding back from breaking above $100,000, including profit-taking by big investors, according to analysts CNBC surveyed. •
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