Bitcoin Falls in Absence of Positive Catalysts — Market Talk
Bitcoin edges lower, remaining below the key $100,000 level in the absence of catalysts to spark renewed upward momentum. The cryptocurrency has risen more than 40% since the U.S. presidential election last November, according to LSEG. However this gain was all achieved within a couple of weeks after the election after which it has pulled back and struggled for direction, Unicredit Bank chief economics advisor Erik Nielsen says in a note. Bitcoin is last down 1.3% at $96,273. ([email protected])