Bitcoin retreats from $100,000 in worst spell since Trump’s win

Published On Nov 26, 2024, 2:39 AM

Bitcoin has experienced a significant drop after failing to break the $100,000 mark, marking its longest losing streak since Donald Trump's election victory. After a three-day decline of about 6%, Bitcoin was valued at $94,000. This downturn is partly attributed to profit-taking and broader market risk aversion following Trump's controversial tariff pledges. Despite short-term setbacks, market analysts express confidence in a continuing bullish sentiment for cryptocurrencies moving into 2025, especially with Trump's support for crypto regulations.