Reported 9 days ago
The speculative excitement surrounding Bitcoin is subsiding following Donald Trump's election victory, with the cryptocurrency falling below $87,000 as interest in rate cuts declines. Amidst reduced premiums in Bitcoin futures, investors are questioning the sustainability of recent gains, particularly after Trump's promises of a supportive regulatory environment and Bitcoin stockpile. As volatility is anticipated, traders are keeping an eye on key price markers while awaiting further policy updates from the US.
Source: YAHOO