Bitcoin (BTC) continues to dig further into a consolidation phase following a record rally in the wake of Donald Trump’s election victory.
The world’s largest cryptocurrency soared to an all-time high after pro-crypto president-elect Trump won his second term in office.
However, the BTC/USD pair fell just short of the $100,000 price point to top out at $99,600 towards the end of October.
Since then, bitcoin has entered a volatile sideways trade within the mid-$90,000 range.
Weekend bitcoin trades were largely uneventful before the bitcoin spot price dipped by over 2% this morning.
At the time of writing, the BTC/USD pair was swapping near the flat $95,000 mark.
Spot-bitcoin exchange-traded fund volumes petered out towards the end of last week following a multi-billion-dollar inflow bonanza in the prior week.
Bitcoin is up 125% year to date – Source: tradingview.com