Why Bitcoin Didn’t Reach $100,000: What’s Holding It Back

Why Bitcoin Struggled to Break the $100,000 Barrier: Brief Overview

Bitcoin Hits a Hurdle Near $100,000 as Traders Weigh Trump’s Crypto Impact

Bitcoin's recent surge toward the $100,000 mark came to a halt just shy of the milestone, causing some jitters in the market. After peaking close to $100,000 on Friday, the digital currency dipped to $95,776 on Sunday before recovering to $98,310 by Monday morning. Traders are now questioning whether the optimism fueled by President-elect Donald Trump’s pro-crypto stance is overblown.

“Bitcoin might need a breather now that it’s basically tested the $100,000 level,” said Matt Maley, Chief Market Strategist at Miller Tabak + Co. He added that the enthusiasm surrounding Bitcoin is reaching extreme levels.

Trump’s support for cryptocurrencies is seen as a boost for the digital asset space, and Wall Street is taking notice. Since Trump’s victory on November 5, the total value of the digital asset market has soared by $1 trillion, adding fuel to the ongoing crypto rally.

"Bitcoin's Surge and Trump's Crypto Vision"

Trump has promised friendlier regulations for cryptocurrency.

He has also pledged to create a national Bitcoin stockpile, though its feasibility and timeline are uncertain.

David Lawant, head of research at FalconX, predicts that Bitcoin could face consolidation around the $100,000 mark.

Traders are pushing Bitcoin close to $100,000, a key milestone.

The $100,000 mark is seen by crypto supporters as a symbol of the growing value of digital assets.

Cantor's Big Bet on Bitcoin: A New Lending Venture

Cantor Fitzgerald LP is in talks with Tether Holdings Ltd., hoping the stablecoin giant will back its new lending plan. This initiative would let clients borrow money using Bitcoin as collateral.

Cantor's CEO, Howard Lutnick, isn't just focused on finance; he's also involved in politics. He's co-chairing Trump’s transition team and is being considered for a top position in the new administration's Commerce Department. There's even talk about creating a special White House role dedicated to digital asset policy.

Meanwhile, since Trump's election victory, there’s been a surge of cash flowing into US Bitcoin-focused exchange-traded funds (ETFs), which have now grown to hold a massive $107 billion in assets.

Crypto expert Stephane Ouellette, CEO of FRNT Financial Inc., commented on Bitcoin’s price movements, saying, “It was overbought after the election and was bound to slow down. But really, this is just a small dip—we’re only back to where we were last week.”

Bitcoin Struggles to Break $100,000 Amid Market Uncertainty

Bitcoin's rally toward the $100,000 mark has encountered a brief setback, sparking cautious sentiment among traders. Despite President-elect Donald Trump’s pro-crypto stance, which has contributed to a significant market surge, Bitcoin’s price dipped below the $100,000 level before recovering slightly. While some experts predict consolidation around this price point, others believe that the market's enthusiasm may have reached its peak. As traders evaluate the broader impact of Trump’s policies on cryptocurrencies, Bitcoin’s future remains uncertain, though it continues to garner attention as a symbol of digital asset growth.