BTC backs away from record above 76k as talk of 100k now abounds

Bitcoin continued to move higher yesterday and that led it to set a new record high just ahead of the wider US close, at 76,475. The reasons for this are of course all due to the perception that Trump is a fan and will unleash more gains across the crypto sphere in some shape or form. That may be true, but at the same time it might not necessarily involve BTC, but we shall have to see on that in the weeks and months ahead. Meantime, it seems BTC has many analysts calling for much more upside and talk of 100k BTC is rattling around many trading rooms now. However, as far as today is concerned, BTC has backed away from a fresh record this morning and tracked lower. The low seen so far has been set at 74,477. It is currently trading at 74,825