CandleFocus Bitcoin falls below $90,000 one week before Trump inauguration
2025-01-13
Author: Content Editor
Bitcoin's price has dipped below $90,000, indicating that the momentum it gained after Donald Trump's election win has slowed down. The cryptocurrency had risen to over $108,000 in December, representing a 59% increase in six weeks. However, it has now dropped back almost 14%. This dip comes shortly after a US court approved the sale of 69,370 seized bitcoins from the Silk Road drugs marketplace. In addition, stock markets, including the S&P 500 index, are also experiencing a slump. This trend could signal one of the worst performances for the S&P 500 between an election and inauguration day since 2009.
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