Bitcoin dips near $90,000 after largest drop since US election

Bitcoin experienced its largest two-day drop since the U.S. election, falling nearly 3% over the weekend. It was trading at approximately $90,100 on Monday morning in Singapore, reflecting caution in global markets. Traders are uncertain about President-elect Donald Trump's crypto policies, including his plans for a U.S. Bitcoin stockpile. This uncertainty comes amid concerns about inflation and potential trade tariffs affecting the stock market. Despite recent gains, analysts note that Bitcoin's price may have become "overheated." While there is optimism for clearer crypto regulations under Trump, the establishment of a U.S. Bitcoin reserve is considered unlikely.