$BTC

Bitcoin Update: BTC Fails to Reach New All-Time Highs

After two weeks of strong buying pressure, Bitcoin’s price action appears to have stalled in the short term, stabilizing around the $103,000 area. So far, the cryptocurrency has failed to revisit its all-time highs above $106,000. The neutral bias currently dominating Bitcoin in the short term is closely tied to the recent rebound in confidence toward the U.S. dollar, one of its main competitors as a store of value.