Investing.com– Bitcoin gave up some ground after its recent rally took it near the critical $100,000 level, buoyed by broad market optimism after softer U.S. inflation data.
retreated 2% to $97,641.0 by 10:05 ET (15:05 GMT).
The token has rebounded sharply this week, rising to a session high of $100,499.8 on Wednesday.
Bitcoin returns near $100k ahead of Trump’s inauguration
In the lead-up to President-elect Donald Trump’s inauguration on January 20, Bitcoin has experienced a significant surge, recently reaching a record high of $108,244.
This upward trajectory is largely attributed to the anticipation of crypto-friendly policies under the incoming administration.
Trump’s campaign promises, including the potential creation of a strategic national Bitcoin reserve and the appointment of cryptocurrency advocates to key regulatory positions, have…
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