Investing.com– Bitcoin’s price rose marginally on Monday after logging sharp losses over the weekend as a push to record highs above the $100,000 level stalled amid some doubts over what a Trump presidency will entail for crypto.
Bitcoin hit a series of record highs last week, rising as far as $99,617.4 in an extended rally after Donald Trump won the 2024 presidential elections in early-November.
But the crypto failed to breach the coveted $100,000 level, falling sharply over the weekend amid some profit-taking and as investors sought more concrete cues on Trump’s plans for crypto.
traded up 0.3% at $97,488.0by 09:09 ET (14:09 GMT). The crypto had fallen as far as $96,000 over the weekend.
Trump’s Treasury pick Bessent has expressed crypto support
Trump on Friday nominated prominent investor Scott Bessent as his pick for Treasury Secretary.
Bessent,…
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