Bitcoin has stabilized after rising to $100,000

After the rapid growth that raised bitcoin to the $100,000 mark, the exchange rate of the digital asset decreased slightly and stabilized. On Sunday, it fell to $95,611, and on Monday it is trying to stay at $98,402. According to experts, bitcoin's growth was so rapid that investors began to fear a correction.

Some analysts note that bitcoin has almost reached the symbolic level of $100,000, which for supporters of cryptocurrencies is an important frontier that refutes skeptical opinions. However, in their opinion, a period of consolidation may come before a sustained breakthrough above this level.

The impact of Donald Trump's victory on the bitcoin exchange rate cannot be underestimated. Since his victory, there has been growth in the digital asset market, and the total value has increased by about $1 trillion. Trump promised more lenient regulation of cryptocurrencies and the creation of a national bitcoin reserve, which has a positive effect on investor sentiment.

Interest in bitcoin is growing not only among private investors, but also among large financial institutions. For example, Cantor Fitzgerald LP is in talks with Tether Holdings Ltd. about support for its lending program, which will accept bitcoin as collateral.