Bitcoin Eyes $100k, But Traders Brace For Volatility -- Market Talk

Dow Jones

May 08, 2025

0958 ET - Bitcoin is drawing nearer to the $100,000/coin threshold it first breached late last year, fueled by excitement over the trade deal President Trump is expected to announce between the U.S. and UK this morning. But traders should prepare for the rally to fizzle, says Nic Puckrin of the Coin Bureau. "It's quite likely the announcement will be lacking any concrete details, setting out a general framework for a deal that will take months to materialize, which could be anticlimactic," says Puckrin in a note. He also warns that BTC volume is light, making it more exposed to sharp moves in trading. Bitcoin is trading at $99,189.62 a coin, up 2.3% in the past 24 hours, according to data from CoinMarketCap. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 09:58 ET (13:58 GMT)

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But traders should prepare for the rally to fizzle, says Nic Puckrin of the Coin Bureau. \"It's quite likely the announcement will be lacking any concrete details, setting out a general framework for a deal that will take months to materialize, which could be anticlimactic,\" says Puckrin in a note. He also warns that BTC volume is light, making it more exposed to sharp moves in trading. Bitcoin is trading at $99,189.62 a coin, up 2.3% in the past 24 hours, according to data from CoinMarketCap. (kirk.maltais@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 09:58 ET (13:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Eyes $100k, But Traders Brace For Volatility -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Eyes $100k, But Traders Brace For Volatility -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-08 21:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0958 ET - Bitcoin is drawing nearer to the $100,000/coin threshold it first breached late last year, fueled by excitement over the trade deal President Trump is expected to announce between the U.S. and UK this morning. But traders should prepare for the rally to fizzle, says Nic Puckrin of the Coin Bureau. \"It's quite likely the announcement will be lacking any concrete details, setting out a general framework for a deal that will take months to materialize, which could be anticlimactic,\" says Puckrin in a note. He also warns that BTC volume is light, making it more exposed to sharp moves in trading. Bitcoin is trading at $99,189.62 a coin, up 2.3% in the past 24 hours, according to data from CoinMarketCap. (kirk.maltais@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 09:58 ET (13:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533213953","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533213953","pubTimestamp":1746712680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0958 ET - Bitcoin is drawing nearer to the $100,000/coin threshold it first breached late last year, fueled by excitement over the trade deal President Trump is expected to announce between the U.S. and UK this morning. But traders should prepare for the rally to fizzle, says Nic Puckrin of the Coin Bureau. \"It's quite likely the announcement will be lacking any concrete details, setting out a general framework for a deal that will take months to materialize, which could be anticlimactic,\" says Puckrin in a note. He also warns that BTC volume is light, making it more exposed to sharp moves in trading. Bitcoin is trading at $99,189.62 a coin, up 2.3% in the past 24 hours, according to data from CoinMarketCap. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4588":"碎股","BK4585":"ETF&股票定投概念","03439":"嘉实比特币","BK4594":"比特币ETF概念","BK1611":"加密货币现货ETF","09042":"华夏比特币-U","BK4601":"加密货币现货ETF","09008":"博时比特币-U","09439":"嘉实比特币-U","03008":"博时比特币","03042":"华夏比特币"},"translate_title":"比特币着眼于10万美元，但交易员为波动做好准备——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"09439":1,"03042":1,"09042":1,"09008":1,"03439":1},"content_text":"0958 ET - Bitcoin is drawing nearer to the $100,000/coin threshold it first breached late last year, fueled by excitement over the trade deal President Trump is expected to announce between the U.S. and UK this morning. But traders should prepare for the rally to fizzle, says Nic Puckrin of the Coin Bureau. \"It's quite likely the announcement will be lacking any concrete details, setting out a general framework for a deal that will take months to materialize, which could be anticlimactic,\" says Puckrin in a note. He also warns that BTC volume is light, making it more exposed to sharp moves in trading. Bitcoin is trading at $99,189.62 a coin, up 2.3% in the past 24 hours, according to data from CoinMarketCap. (kirk.maltais@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 09:58 ET (13:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}