The price of Bitcoin and most altcoins has dropped this week, despite speculation that Donald Trump becoming the most crypto-friendly president in the US would have a positive impact. Bitcoin fell to $101,000, while meme coins like ai16z, Fartcoin, and Official Trump dropped by over 20%. Possible reasons for the retreat include expectations of a hike in interest rates by the Bank of Japan, anticipation of the Federal Reserve interest rate decision, Trump's lack of mention or action on cryptocurrency, and the popular practice of buying assets before major events and selling afterwards. Bitcoin has formed a bearish reversal pattern, the double-top chart pattern, with a potential target of around $74,000. Bitcoin's performance will likely impact other altcoins as well.



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