1125 GMT - Bitcoin rises slightly but remains range-bound below the important $100,000 level. The cryptocurrency has consolidated from last month's record highs driven by U.S. President Trump's crypto-friendly stance. Some of the more optimistic predictors expect bitcoin to reach $200,000 this year given strong institutional interest and potential U.S. cryptocurrency reserves, Zaye Capital Markets analyst Naeem Aslam writes. Conversely, some forecast a fall to $85,000 due to market dynamics, including the expiration of significant options contracts, he says. Investors should exercise caution, he says. Bitcoin could become more volatile due to economic data, policy expectations and geopolitical events. Bitcoin rises 0.2% to $95,570, according to LSEG. It reached an all-time high of $109,071 on January 20. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 06:25 ET (11:25 GMT)
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