Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bloomberg: Due to traders assessing whether the "Trump trade" is excessive, BTC's upward trend stagnates as it approaches $100,000

Bloomberg: Due to traders assessing whether the "Trump trade" is excessive, BTC's upward trend stagnates as it approaches $100,000

Bitget2024/11/25 07:17

According to an analysis by Bloomberg, Bitcoin's rise has stalled as it approaches $100,000, partly because traders are assessing whether the optimism brought about by Trump's support for cryptocurrencies has become excessive.

Matt Maley, chief market strategist at Miller Tabak + Co., said that investors are worried that Bitcoin "now needs to take a break because it has basically tested the $100,000 level," and added that bullish sentiment around Bitcoin is "becoming extreme." In addition, while Trump promised more friendly regulation and pledged to establish a national bitcoin reserve, the implementation timeline and feasibility of the bitcoin reserve remain uncertain.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!