Bitcoin Falls as it Struggles to Resume Trump-Driven Rally — Market Talk

Bitcoin falls as it struggles to resume last year's strong momentum following Donald Trump's U.S. presidential victory. The cryptocurrency may need to find a floor and consolidate further before buyers return, Trade Nation analyst David Morrison says in a note. "Unless, of course, there's a significant boost in overall market risk appetite." Bitcoin falls 1.2% to $93,346, according to LSEG. It reached a record high of $108,379 on December 17 on hopes that Trump will deliver more crypto-friendly policies before undergoing a period of consolidation. While bitcoin rose back above $100,000 earlier this week, this proved short-lived. ([email protected])