Bitcoin hits over 3-month low, reversing gains post Trump election

A week-long rout in Bitcoin worsened Friday, with the digital asset hitting an over 3-month low, reversing gains that followed the election of U.S. President Donald Trump. Bitcoin was trading at about $78,782 in trading in Asia, down 5.5% on the day and about 25% lower than an all-time high from mid December. Bitcoin had enjoyed a surge in prices following Trump's victory in November, with the leader having posed himself as a pro-crypto candidate during his campaign. However, prices have slipped as investors shun assets perceived to be risky given the weakness in global equity markets and amid uncertainty surrounding the new President's tariff policy and resolutions to the Russia-Ukraine and Israel-Gaza wars. ... Read full article.