Opinion: Bitcoin lacks new catalysts for significant gains

Odaily News Trade Nation analyst David Morrison said in a report that the cryptocurrency industry seems to be looking for a new catalyst to drive a sharp rise in prices. "As traders continue to assess the broader risk background, the market tone remains cautiously optimistic." Bitcoin prices recently rebounded from their lows in April and are currently hovering in the range of $101,000 to $105,000. (Jinshi)