Bitcoin Nears $100,000 as Investors Debate Next Moves

The cryptocurrency's rally slows just below a historic milestone, with market dynamics and investor behavior shaping its trajectory.

Bitcoin is trading around $98,000 after briefly reaching an all-time high of $99,645, falling short of the $100,000 milestone.
Analysts attribute the stall to profit-taking by long-term holders and significant selling pressure during the recent rally.
Market momentum has been fueled by factors like the recent U.S. presidential election and reduced Bitcoin supply following the latest halving event.
Speculation grows over potential regulatory changes and pro-crypto policies under Donald Trump's re-elected administration, though concrete actions remain uncertain.
Ethereum, XRP, and other cryptocurrencies are also gaining attention, with Ether experiencing increased demand due to spot ETF inflows and XRP benefiting from expanded exchange listings.