The flagship cryptocurrency has resumed its advance this week as investors took advantage of a sharp sell-off. Analysts say volatility is to be expected.
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Bitcoin has resumed its march towards $US100,000 after a sharp four-day sell-off, amid optimism that Donald Trump is on the cusp of appointing crypto-friendly candidates to regulate US financial markets.
The world’s largest cryptocurrency climbed as much as 6.5 per cent to $US97,361 on Thursday, as investors took advantage of its drop below $US92,000 earlier in the week to add to their holdings.
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Original URL: https://www.afr.com/markets/currencies/bitcoin-s-wild-ride-towards-us100-000-and-why-it-matters-20241126-p5ktij