Bitcoin retreats from its $100K ambition amid rising market uncertainty. Is this a temporary pullback or a sign of deeper troubles for the flagship cryptocurrency?
Bitcoin took a tentative step forward on Friday, inching up 3.5% after a week weighed down by regulatory anxieties. While soft US economic data offered a glimmer of hope for potential interest rate cuts, the crypto market remains under a cloud of regulatory scrutiny. From platform closures to SEC investigations, these concerns continue to hold back investor enthusiasm. Will Bitcoin break free from this current range, or will regulatory headwinds continue to stall its ascent? Stay tuned for further analysis!