Don't Expect Bitcoin Fireworks Ahead of New Year, Traders Say, as BTC ETFs Lose $420M

Description

Bearish trading in bitcoin (BTC) markets continued late Monday as the asset briefly fell under $92,000 on profit-taking despite another mammoth MicroStrategy purchase, recovering to just over $92,800 as of Asian morning hours Tuesday. Some traders expect the current price action to likely continue until February, weeks after president-elect Donald Trump takes office in the U.S. and sets into motion a barrage of policies that may help the market."We are skeptical of any New Year fireworks especia...