Bitcoin's $100K Dream Fades Amid $200 Billion Crypto Crash
Bitcoin's price fell 2.5% to $92,313.34 as investors took profits following its post-U.S. election rally, which saw the cryptocurrency rise over 30% since the election of Donald Trump. The market is experiencing a pullback from the $100,000 psychological barrier, with expectations of consolidation before further gains. Optimism remains due to incoming institutional investments and regulatory changes, including the anticipated resignation of SEC Chair Gary Gensler, which aligns with Trump's pro-crypto stance.