Bitcoin edges off all-time high but momentum for more gains this year seen intact

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HONG KONG : Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first U.S. bitcoin futures ETF.The world's largest cryptocurrency was last down 1.3per cent at US$65,184 after hitting a record US$67,016 on Wednesday, but still above a

HONG KONG : Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first U.S. bitcoin futures ETF.

"We think its going to go higher and we can get to 80 or 90,000 by the end of this year easy, but that won't be without volatility," said Matt Dibb, COO of Singapore-based Stack Funds. He added he anticipated traders would rotate out of bitcoin and into major 'altcoins' - other cryptocurrencies.

 

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