Bitcoin struggles at high levels, consolidates around $104k: What’s next?

The crypto markets have been exhibiting a blend of optimism and caution. The flagship currency, Bitcoin (BTC), despite reclaiming the $107,068 level buoyed by favorable sentiments, has struggled to hold above it and slipped below the $104,000 mark.

At 9:15 AM on Monday, May 19, Bitcoin was quoted trading at around $103,851.99, up 0.50 per cent. The world’s most popular cryptocurrency had a 24-hour trading volume of $55.13 billion. Bitcoin’s market capitalisation stood at $2.06 trillion, the highest among all cryptocurrencies.