Bitcoin's recent rally following the US presidential election has lost steam due to President-elect Trump's proposed tariff plans and strong employment figures. The dollar's strength has put pressure on digital assets, causing Bitcoin's price to drop. Trump's proposed tariff plans introduce uncertainty into the market, creating volatility and negatively impacting risk assets like Bitcoin. Additionally, stronger-than-expected payroll numbers indicate that the Fed may not lower interest rates to stimulate the economy, further impacting Bitcoin. While there was initial optimism for a pro-crypto environment under Trump, conflicting signals regarding tariffs and delays in crypto-related legislation may delay positive impacts for digital assets.



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