Institution: Bitcoin appears to struggle in sustaining upward momentum

TechFlow news, on December 10, according to Jinshi News, Bitcoin rose slightly during the day but traded below the key level of $100,000 it recently breached, appearing to struggle to maintain its upward momentum. Last Thursday, Bitcoin hit a record high of $103,000 after U.S. President-elect Trump nominated Paul Atkins, a crypto supporter, to chair the U.S. Securities and Exchange Commission. David Morrison, analyst at Trade Nation, said in a report: "Yesterday, Bitcoin briefly broke above the $100,000 mark again, but soon after the opening of U.S. stock markets, it plunged along with the broader equity sell-off."