Bitcoin faces downward pressure after missing $100,000 milestone, slips 8 per cent from peak

Bitcoin, the world’s biggest cryptocurrency, slipped 8 per cent to a one-week low of $91, 377.32 on November 26, from a record-high of $99,830 on November 22, according to a Reuters report. But the token’s failure to crack the $100,000 ceiling is likely to cause more downward pressure, with investors bracing for profit-taking as significant contracts expire in December, it added.