Bitcoin, which experienced a surge in value after Donald Trump was elected, is now building a reversal pattern as the year ends. The cryptocurrency reached an all-time high of $108,268 in mid-December but has since declined to $93,085 at press time. This price retracement represents a broader cooling off phase visible across other cryptocurrencies as well.
The overall sentiment in the market may be indicative of investors opting for caution as the year concludes, causing the rally to lose momentum. This situation highlights the inherent volatility and unpredictability of the cryptocurrency market.
