Source: Bloomberg
“Bitcoin posted its longest losing streak for the period since Donald Trump’s US election victory, following a failed run at $100,000 and amid cooling fervor over the president-elect’s embrace of crypto. The digital asset completed a three-day drop of roughly 6% through Monday before trading at $94,245 as of 8:40 a.m. Tuesday in Singapore. The wider crypto market, up $1 trillion since Election Day on Nov. 5, also stalled. … Cryptocurrencies faced a bout of risk aversion on Tuesday after Trump roiled global markets by posting about plans for additional tariffs on Chinese imports and 25% levies on products from Mexico and Canada. US equity futures fell and a dollar gauge climbed in a sign of investor caution.” (11/26/24)