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Bitcoin options trade shows more bets on retreat after failing to breach $100,000

Investors in the world's largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000, according to a crypto trading platform citing recent options activity. Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more than 8% to a one-week low of 91,377.32 on Tuesday. The best-known cryptocurrency has soared 120% so far this year and about 34% this month with the election of Donald Trump as U.S. president and a slew of pro-crypto lawmakers in Congress.

Bitcoin Is ‘Far From Being a Bubble,’ Pantera’s Morehead Says

(Bloomberg) -- Bitcoin’s record-breaking rally may only be getting started, according to one of the earliest US professional investors in the original cryptocurrency. “People totally thought we were crazy in 2013,” said Dan Morehead in an interview, referring to when Pantera Capital Management launched its Bitcoin fund more than 11 years ago. “There are still a lot of people very negative. And that’s why I’m so bullish. So many people are still negative. It’s far from being a bubble.”That fund h