Bitcoin, a virtual currency leader considered the most representative Trump beneficiary, is again crossing the $100,000 mark as it recovers to the $98,000 mark.
On the U.S. cryptocurrency exchange Coinbase, the price per unit of Bitcoin was trading at $98,750 as of 11:20 a.m. ET, up 3.65% from 24 hours ago.
Experts see a cross between the profit-taking sell-off and buying on expectations of further gains, with virtual currency investors on the verge of the $100,000 mark, which is considered a psychological peak.
U.S. economic media CNBC diagnosed that the trading of option products based on Bitcoin Spot Exchange Fund (ETF) on the New York Stock Exchange on the 19th may have affected the recent fluctuations in Bitcoin prices.
Options are derivative financial products that give you the right to buy and sell assets for a certain period of time under the terms of a pre-set contract, allowing investors to bet on bitcoin price changes at a small cost through options trading.
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