Institutions: Bitcoin seems to struggle to maintain upward momentum

Bitget App

Trade smarter

Bitget2024/12/10 17:35

On 10 December, Bitcoin reportedly rose slightly intraday, but trading below the key $100,000 level it recently breached, it appears to be struggling to sustain its upward momentum. Last Thursday, Bitcoin reached an all-time high of $103,000 after US President-elect Donald Trump nominated pro-cryptocurrency Paul Atkins to be the chairman of the SEC. trade Nation analyst David Morrison said in a report, ‘Yesterday, Bitcoin once again briefly breached the $100,000 mark, but shortly after the U.S. stock market opened, bitcoin tumbled as the stock market sold off.’

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: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

President of the European Central Bank: Interest rates are at an appropriate level

U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indexes collectively rising for the fifth consecutive trading day.