Bitcoin Bounces Back After Significant Drop Amidst Uncertainty Over Trump’s Policies

Bitcoin has made a notable recovery following its largest two-day decline since the US presidential election. This rebound comes amid volatile trading conditions, which highlight the changing perceptions regarding the potential effects of President-elect Donald Trump’s proposed policies on the cryptocurrency market.

Over the weekend, Bitcoin experienced a nearly 3% drop, but by Monday, it surged to a peak of $92,215. However, some of these gains were trimmed back, with the cryptocurrency trading at approximately $90,675 as of 10:29 a.m. in New York. While Trump has expressed support for cryptocurrency through various pledges, there remain significant uncertainties regarding the timeline for these initiatives and their overall feasibility, particularly concerning the establishment of a US Bitcoin reserve.