Analysis: Bitcoin is at risk of closing lower in December

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ODAILY
12-27
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Odaily Odaily News: In a record year, Bitcoin's gains slowed in the last few days of the year, and investors are assessing the remaining momentum brought by President-elect Donald Trump's support for the cryptocurrency sector. As of Friday before the European session, Bitcoin was trading around $96,200, recovering some of yesterday's nearly 3% drop. Digital currencies such as Ethereum and Dogecoin fluctuated in a narrow range. In the four trading days ending December 24, investors withdrew a net $1.5 billion from a dozen U.S. spot Bitcoin ETFs, the largest outflow since Trump won the U.S. election on November 5. According to data compiled by foreign media, Bitcoin is facing the risk of closing down in December, which would be its first monthly decline in more than four months. Bitcoin hit a record high of $108,316 on December 17 before falling back. (Jinshi)

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