Bitcoin's Rally Stalls After Nearing the Historic $100,000 Level.

Bitcoin's rally towards the historic $100,000 level stalled as the digital asset fell just short of the milestone, prompting traders to assess the impact of President-elect Donald Trump's support for cryptocurrency. Despite MicroStrategy Inc. purchasing a record $5.4 billion of Bitcoin last week, the digital asset experienced a pullback, with more than $60 million worth of bullish bets being liquidated in the past 24 hours. Trump's incoming administration is seen as a positive factor for the crypto market, with investors expressing concerns about Bitcoin's ability to surpass the $100,000 mark. [Extracted from the article]