Overview

• 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.