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The cryptocurrency Bitcoin retreated on November 25, 2024, after a rally approaching US$100,000 only to sputter shy of the historic level. It came amid warnings that investor optimism stemming from US president-elect Donald Trump’s support for cryptocurrencies was overblown. The digital asset fell as low as US$95,776 on November 24, after coming within US$300 of the six-figure milestone on November 22, setting a downbeat tone for the wider crypto market.
