Waiting for Trump

Bitcoin falls below 100,000 US dollars again

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08.01.2025 08:48
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Von krone.at

Bitcoin gave back its previous day's gains on Tuesday and fell below 100,000 US dollars again. On the Bitstamp trading platform, the oldest and best-known cryptocurrency fell to around USD 97,100 on Thursday afternoon. 

Bitcoin was weighed down in the afternoon by robust US economic data. Sentiment in the service sector brightened in December. The ISM purchasing managers' index also rose more strongly than economists had expected. In addition, the number of job vacancies rose more than expected in November. The data dampened expectations of further interest rate cuts in the US. This is weighing on Bitcoin, as it does not yield any interest.

Bitcoin had risen to 102,760 dollars during the night. It had thus approached its record high, which it reached on December 17 at 108,464 dollars. The inauguration of Donald Trump on January 20 is still eagerly awaited. Bitcoin supporters are hoping for the introduction of a strategic Bitcoin reserve and a relaxation of regulations.

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08.01.2025 08:48
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