| Mobile Web

Bitcoin struggles below $77,000 despite three tailwinds, $100,000 hopes waver

Bitcoin has traded below $77,000 in May despite three positive factors, weakening expectations of a move to $100,000. It fell about 6 percent over the past week after briefly rising to around $82,000. Supportive factors cited included U.S.-China leaders’ talks in Beijing, strength in U.S. tech shares led by Nvidia, and passage of a revised Clarity bill by a U.S. Senate panel. Analysts remain divided on near-term direction.