Institution: Bitcoin seems to have difficulty maintaining upward momentum

Odaily Odaily News Bitcoin rose slightly during the day, but the trading price was below the key level of $100,000 that it recently broke through, as the cryptocurrency seemed to have difficulty maintaining its upward momentum. Last Thursday, Bitcoin reached an all-time high of $103,000 after US President-elect Trump nominated Paul Atkins, who supports cryptocurrency, as chairman of the US Securities and Exchange Commission. Trade Nation analyst David Morrison said in a report: "Yesterday, Bitcoin briefly broke through the $100,000 mark again, but shortly after the US stock market opened, Bitcoin plummeted as the stock market sold off." (Jinshi)