Cryptocurrencies
Crypto Volatility Picks Up as Trump-Fueled Rally Starts to Fray
- Index of smaller coins posts one of its worst drops of 2024
- Bitcoin has whipsawed since scaling the key $100,000 level
Bitcoin hit a record $103,800 on Dec. 5 but subsequently struggled to stay above the six-figure level.
Photographer: Paul Yeung/BloombergA bout of selling buffeted crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool.
Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024.