The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
For a brief moment, everyone on the planet who owned Bitcoin was in profit — the token surpassed $93,000 for the first time in history. However, over the past few days, OG coin took a breather, with prices dipping to $87,500.from their record-breaking run, dropping below $88,000. It seems that some profit-taking occurred after the original cryptocurrency hit an all-time high of over $93,000 on November 13. By early Friday trading, Bitcoin was around $87,500, down roughly 8% from its peak.
Dogecoin also lost some of its momentum but with more intensity. The Shiba Inu-themed coin has fallen by 20% from its recent high of over 40 cents, now trading at 37 cents.Donald Trump brought a wave of optimism back to the crypto market. Traders were hopeful that he would favor cryptocurrencies if he returned to the White House. Though Trump previously called Bitcoin a “”, he softened his stance during the U.S.
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