Bitcoin experienced a loss of over $2,000 on Saturday, but recovered during weekend trading. The digital asset is currently trading at just below $98,000. The dip in prices led to an increase in long liquidations and short liquidations, as reported by CoinGlass. Analysts expect the demand from retail and institutional investors to remain unaffected by these intraday swings.
Favorable tailwinds from the upcoming Donald Trump administration and changes in the Securities and Exchange Commission are expected to continue supporting Bitcoin prices. Additionally, there is a growing demand for U.S.-listed spot Bitcoin exchange-traded funds, with BlackRock leading in inflows and trading volume.
Options trading on these products is also contributing to price volatility.
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<p>The post Bitcoin Bounces Back After Weekend Dip, Investors Unfazed by Intraday Swings first appeared on CoinBuzzFeed.</p>
