‘Bitcoin $100K’ Was So Near, Yet So Far. What’s Next?
Key Takeaways
- The price of bitcoin was around $93,000 on Tuesday, retreating from levels just below $100,000 seen last week. Monday saw the third-largest day of outflows from the bitcoin ETFs on record.
- Bitcoin market watchers say much of the selling is coming from relatively new buyers who got in above $56,000.
- Companies continue to purchase bitcoin, which some analysts feel could prop up prices in the near-term.
The “bitcoin $100,000” price milestone has proven elusive. Some analysts are are blaming skittish investors taking profits as companies continue to purchase the crypto asset.
Bitcoin (BTCUSD), the largest cryptocurrency by market cap, rose to an all-time high over $99,500 on Friday. The $100,000 mark seemed imminent. Now,…
