Investing.com– Bitcoin dropped slightly on Monday, cooling after a weekend rally as markets awaited more cues on crypto policy from incoming U.S. President Donald Trump.
Caution over more distributions by defunct exchange Mt. Gox also weighed, after a wallet associated with the exchange moved over $2 billion worth of coins last week. Such a move usually heralds a distribution event, with Mt. Gox still holding billions of dollars worth of Bitcoin it plans to return to creditors.
fell 1.3% to $99,200.0 by 09:06 ET (14:06 GMT).
Trump crypto rally pauses ahead of more policy, economic cues
Optimism over crypto-friendly regulations under President-elect Donald Trump saw Bitcoin rise sharply last week, reaching a record high of $103,719.4.
Cheer over Trump’s policy plans rose last week after he nominated a crypto-friendly Chair for the Securities and Exchange Commission….
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