Analyst: Bitcoin may fall further before rebounding
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Odaily Odaily News Zaye Capital Markets analyst Naim Aslam said in a report that concerns about Bitcoin's ongoing consolidation linger, which may cause Bitcoin to fall further before a rebound. According to LSEG data, Bitcoin fell 2.4% to $95,144 during the day. Boosted by the prospect of more friendly cryptocurrency regulation from U.S. President-elect Trump, Bitcoin previously reached an all-time high of $99,830. However, as the initial impetus of Trump's victory in the election faded, the price of Bitcoin also fell. (Jinshi)
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