Analyst: Bitcoin failed to maintain above the 100,000 mark, highlighting that it is still a high-risk transaction
Last week, Bitcoin broke through the $100,000 mark for the first time, but then fell back from its recent gains. In a report by XTB's Kathleen Brooks, she stated that Bitcoin falling below the $100,000 threshold highlighted "the risk and unpredictability of cryptocurrencies". The recent sharp rise in Bitcoin came after Trump won the US presidential election. The market hopes that Trump can provide more crypto-friendly regulations which boosted this industry.
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.
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Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
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