Bitcoin has spent the weekend so far trading well shy of the landmark US$100,000 level, once again dashing enthusiasts' hopes that the oldest of digital assets would breach that significant financial — and psychological — threshold.
Cryptocurrencies ranging from Bitcoin to memecoins have been on a tear since the election of Donald Trump to a second term in the White House. Investors are betting on friendlier regulations in the US and an expansion of mainstream interest and awareness driven by the president-elect's own avowed support for crypto. The crypto market as a whole has gained about US$1 trillion since Trump's election win.
But the momentum hasn't quite been enough for the largest crypto token to set a major new milestone. While Bitcoin came within US$300 of the US$100,000 mark on Nov 22 afternoon, it seemed unable to push past US$99,000 on Nov 23.
