Bitcoin’s rally falls short after nearing the historic $100,000 level

Bitcoin steadied after a rally toward $100,000 fizzled just shy of the historic level, as traders assess whether optimism stemming from President-elect Donald Trump’s support for crypto is becoming stretched.

The digital asset fell as low as $95,776 on Sunday after coming within $300 of the six-figure milestone on Friday. It rebounded to change hands at $98,065 as of 7:53 a.m. Monday in Singapore, as Trump’s pick of hedge fund executive Scott Bessent for Treasury secretary helped sentiment in global markets.