Bitcoin Price Slips. What Could Reignite the Crypto Rally. — Barrons.com

By George Glover

Bitcoin was edging lower on Friday, but all signs point to the cryptocurrency rallying again next week.

The world's largest token by market capitalization was down 0.8% to $106,944 over the past 24 hours, according to data from CoinDesk. It's now trading about $5,000, or 5%, off the all-time high it hit in May.

Traders were likely taking the opportunity to lock in profit after a strong spell. Catalysts including the weak U.S. dollar, inflows into exchange-traded funds, and regulatory developments ought to carry on boosting Bitcoin after a brief dip.

Other digital assets were also sliding on Friday. Ethereum, Solana, and XRP were among the tokens trading in the red, according to data from the crypto exchange Kraken.

Write to George Glover at george.glover@dowjones.com

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