Cryptocurrencies
Bitcoin Rally Fueled by Trump Loses Steam as Year Draws to Close
- Digital asset is down some $15,000 since a mid-December record
- Traders await concrete policies from Trump’s embrace of crypto
The Bitcoin rally sparked by US President-elect Donald Trump’s election victory in early November is stalling as 2024 draws to a close.
The digital asset wavered around $94,000 as of 2:55 p.m. on Tuesday in New York, about $14,000 below the record high set in mid-December. Smaller tokens like Ether and meme-crowd favorite Dogecoin also struggled for traction.