Investing.com– Bitcoin slipped on Tuesday, remaining pinned below record highs as sentiment was rattled by reports that the U.S. government had mobilized some of its coins confiscated from the Silk Road marketplace.
The world’s largest cryptocurrency fell into a trading range below the $100,000 level in recent weeks, after largely failing to cross the coveted level during a rally through November. But it still remained close to recent record highs of over $99,000.
fell 1.8% to $94,111.0 by 09:03 ET (14:03 GMT).
Most major altcoins rallied past Bitcoin in anticipation of more friendly policies under President-elect Donald Trump. was a major beneficiary of this trend, hitting an over six-year high on speculation that the SEC will drop its long-running lawsuit against issuer .
Bitcoin spooked by govt moving $1.9 bln Silk Road tokens
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