$BTC Grapples with $100K as Rally on Trump's Crypto-Positive Comment Fizzles
Bitcoin climbed to $102,500 early Thursday after President-elect Trump reiterated his ambition to embrace crypto assets, but a bond market rout dragged risk assets lower.
The European Central Bank cut interest rates by 25 basis points and in its dovish policy statement hinted that more rate cuts were likely to happen.
Bitcoin rose as high as $102,500, its strongest price since last week's all-time record above $104,000. Not only did that rally not hold, but the $100,000 level didn't either, with the price falling to $99,800 by press time late Thursday afternoon.
