Bitcoin Treading Water Below $100,000 With Big Target In Sight

(Bloomberg) — Bitcoin has spent the weekend so far trading well shy of the landmark $100,000 level, once again dashing enthusiasts’ hopes that the oldest of digital assets would breach that significant financial — and psychological — threshold.

Cryptocurrencies ranging from Bitcoin to memecoins have been on a tear since the election of Donald Trump to a second term in the White House. Investors are betting on friendlier regulations in the US and an expansion of mainstream interest and awareness driven by the president-elect’s own avowed support for crypto.