Source: Bloomberg
“Bitcoin posted its biggest two-day retreat over the weekend since the US election amid a bout of caution in global markets as traders assess the potential impact of President-elect Donald Trump’s policy agenda. The digital asset fell almost 3% across Saturday and Sunday before paring some of the drop to change hands at $90,100 as of 9:05 a.m. Monday in Singapore. Among the uncertainties are Trump’s timetable for delivering on his pro-crypto pledges and whether all are feasible, such as setting up a US Bitcoin stockpile. … US ETFs investing directly in Bitcoin attracted a net inflow of $4.7 billion from Nov. 6 to Nov. 13, the day the original cryptocurrency set an all-time peak, based on data compiled by Bloomberg. But about $771 million exited the products over Thursday and Friday.” (11/18/24)