Bitcoin (BTC) price falls as post-election rally loses steam

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Bitcoin (BTC) price falls as post-election rally loses steam

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. 

Dado Ruvic | Reuters

The price of Bitcoin price retreated further from the psychologically important $100,000 milestone, as investors booked profits from the token’s post-U.S. election gains.

The world’s largest cryptocurrency by market capitalization was trading down 6.2% at a price of $92,446.38 as of 5:55 a.m. ET, according to CoinGecko data.

Other tokens were also in the red. Ether, the second-biggest coin, fell 4.2% to $3,346.86 while Solana’s sol token dropped 8.9% to trade at a price of $231.88.

The entire crypto market capitalization — calculated by multiplying total coins in circulation by price — dropped $182 billion to $3.35 trillion.

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