Cryptocurrencies
Bitcoin Speculative Fervor Cools, Traders Await Next Trump Steps
- Derivatives market signals more caution among investors
- Largest digital asset has pulled back from an all-time high
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The speculative frenzy around Bitcoin since Donald Trump’s US election victory is moderating both in the spot and derivatives markets.
The largest digital asset slid below $87,000 at one point on Friday after Federal Reserve Chair Jerome Powell said there was no need to hurry interest-rate cuts. The token later pared back some of its losses trading at $90,265 as of 12:11 p.m. in London.