Bitcoin Extends Falls Below $100,000 -- Market Talk

Dow Jones12-20 16:51

0850 GMT - Bitcoin extends falls on profit-taking after the cryptocurrency failed to sustain levels above $100,000. The volatile digital asset jumped sharply earlier this week, eventually hitting a record level above $108,000. Caution is warranted on bitcoin for now, says Pepperstone's Chris Weston in a note. "This doesn't mean we're due to see a collapse in price anytime soon, but the momentum has clearly come out of the move and the buyers have lost their dominance and control of the tape," he says. Bitcoin falls 1.4% to $95,905. It hit a peak of $108,379.28 Tuesday, according to LSEG. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

December 20, 2024 03:51 ET (08:51 GMT)

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Bitcoin falls 1.4% to $95,905. It hit a peak of $108,379.28 Tuesday, according to LSEG. 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The volatile digital asset jumped sharply earlier this week, eventually hitting a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1611","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492496095","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492496095","pubTimestamp":1734684660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0850 GMT - Bitcoin extends falls on profit-taking after the cryptocurrency failed to sustain levels above $100,000. The volatile digital asset jumped sharply earlier this week, eventually hitting a record level above $108,000. Caution is warranted on bitcoin for now, says Pepperstone's Chris Weston in a note. \"This doesn't mean we're due to see a collapse in price anytime soon, but the momentum has clearly come out of the move and the buyers have lost their dominance and control of the tape,\" he says. Bitcoin falls 1.4% to $95,905. It hit a peak of $108,379.28 Tuesday, according to LSEG. 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