Bitcoin struggled to hit $100,000. Why?
🔸 Plus: The most-viewed property on Rightmove is Jürgen Klopp’s McMansion 🔸 Your mint condition Band Aid vinyl is close to worthless 🔸 Goldman Sachs’ prediction for the UK in 2025 🔸
Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 6,032.38 ⬆️ 27.19%
FTSE 100: 8,287.30 ⬆️ 7.33%
Bitcoin: $96,295.77 ⬆️ 117.84%
GBP to USD: $1.2733 ⬇️ 0.047%
GBP to EUR: €1.2034 ⬆️ 4.36%
(As of Friday market close.)
Why Bitcoin struggled to hit $100,000
It was Bitcoin’s big moment. On November 22, the price of a single Bitcoin reached $98,739 — just a few hundred dollars beneath the meaningless but psychologically interesting level of $100,000. People who owned crypto were checking the price every hour in hopes of seeing it crest above six figures.
The excitement around the $100,000 level should have driven increased interest in crypto, boosting the price. But despite the fanfare, despite the arrival of a crypto-friendly Trump Administration in the U.S., and despite countless “analyst reports” insisting that Bitcoin would soar far higher than $100K, Bitcoin flopped back into the mid-$90,000s.
The token lost nearly 7% of its value in just a coupl…