Bitcoin Rises But Gains Remain Limited — Market Talk
Bitcoin rises marginally but remains below $100,000 and continues to trade within a relatively tight range. The cryptocurrency has recently struggled for a sustained material appreciation following its consolidation from record highs reached last month. Market optimism for more crypto-friendly policies under President Trump sent bitcoin to an all-time high of $109,071 on January 20, according to LSEG, but it has since eased. Bitcoin last trades up 0.8% to $97,137. The latest CFTC data show bitcoin maintains a net short position of 357 contracts that bet on it falling, Tickmill Group's Patrick Munnelly says in a note. ([email protected])