So close yet so far – that’s the story for bitcoin (BTC) this Friday morning, as its price rally has stalled just shy of record highs amidst a continued rally in gold (XAU), a traditional risk asset, and crypto tokens associated with it.

BTC, the leading cryptocurrency by market value, changed hands near $104,400 at press time. Bitcoin prices are just 4.7% short of setting a new lifetime high, according to CoinDesk data.

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Author: Omkar Godbole

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