Cryptocurrencies
Bitcoin Rebounds From Token’s Largest Retreat Since US Election
- Digital asset remains below the record high set last week
- Traders mull the potential impact of Trump’s policy agenda
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Bitcoin recovered from its biggest two-day retreat since the US election in choppy trading that reflects shifting assessments of the impact of President-elect Donald Trump’s policy agenda.
The digital asset fell almost 3% over Saturday and Sunday before rising to a high of $92,215 on Monday. Some of those gains were pared to around $90,675 as of 10:29 a.m. in New York. Trump has made various pro-crypto pledges but there are open questions about the timetable for implementation and whether all are feasible — such as setting up a US Bitcoin stockpile.