Investing.com– Bitcoin slightly retreated from near record highs on Friday as optimism over a Donald Trump presidency cooled, while broader risk appetite was hit by increased uncertainty over U.S. interest rates.
The world’s biggest cryptocurrency was still sitting on stellar gains for the week, as it notched record highs above $90,000 on bets that U.S. regulations will favor crypto under Trump.
fell 0.6% to $90,233.0 by 09:02 ET (14:02 GMT), after hitting a record high of $93,226.6 earlier in the week. Markets were now watching for the crypto to cross $100,000, which is seen as a key level.
Bitcoin set for best week since February
Bitcoin was set to add about 17% this week- its best weekly performance since late-February. The coin was also headed for a third straight week of gains.
Gains in Bitcoin were driven chiefly by optimism over a Trump presidency, after he…
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