Bitcoin drifts down toward $90K; can it hit $100K by year-end?

seekingalpha

2024-11-27

wildpixel/iStock via Getty Images

Bitcoin (BTC-USD) pulled back from its historic high of $99.8K touched on Friday, drifting down 3.0% to $91.9K Tuesday afternoon, triggering a slide in crypto-related stocks.

MicroStrategy (MSTR), which has become a proxy for bitcoin, sank 12%, SOS (

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can it hit $100K by year-end?","media":"seekingalpha","content":"<html><body><figure><picture><img height=\"1056px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2129312754/image_2129312754.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>wildpixel/iStock via Getty Images</p></figcaption></figure><p>Bitcoin (BTC-USD) pulled back from its historic high of $99.8K touched on Friday, drifting <span>down 3.0%</span> to $91.9K Tuesday afternoon, triggering a slide in crypto-related stocks.</p> <div></div><p><a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> (MSTR), which has become a proxy for bitcoin, <span>sank 12%</span>, SOS (</p></body></html>","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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