Bitcoin’s Rally Stalls After Nearing the Historic $100,000 Level

Bitcoin steadied after a rally toward $100,000 stalled just below the milestone, with traders assessing whether optimism fueled by President-elect Donald Trump’s support for crypto is overblown.

The digital asset briefly dipped to $95,776 on Sunday but rebounded to $98,065 by Monday morning.

While Trump’s support for crypto, including promises of friendlier regulations and a national Bitcoin stockpile, has boosted market sentiment, some investors worry the rally is peaking, Bloomberg has reported.

Analysts suggest Bitcoin may experience consolidation around the $100,000 level before any further gains.

Written by B.C. Begley