Bitcoin hits over 3-month low, reversing gains post Trump election

Bitcoin experienced a week-long rout, hitting a 3-month low with prices at around $80,500, down 3.45% in Asia and 25% lower than its all-time high in December. The decline followed initial gains after Donald Trump’s election, as he was seen as a pro-crypto candidate. However, the drop in prices is attributed to investors avoiding risky assets amidst global equity market weakness and uncertainties surrounding Trump’s policies and geopolitical tensions.

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