Bitcoin's Momentum Appears to Be Building Toward $100,000 -- Market Talk

Dow Jones11-22

0242 GMT - Bitcoin's momentum appears to be building toward $100,000, Pepperstone's Chris Weston says in a commentary. "As the world watches for Bitcoin to break the illustrious $100k mark, we see the prospect of it happening through trade today increasingly likely, with BTC just $2k away from the big level," the head of Research says. The latest rise in cryptocurrencies comes after the U.S. Securities and Exchange Commission Chair Gensler announced that he will leave his post on Jan. 20, paving the way for a friendlier stance on cryptocurrencies. Bitcoin is 0.1% higher at $98,600.00, according to FactSet.(ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 21, 2024 21:42 ET (02:42 GMT)

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