Bitcoin price drops after hitting $90,000 following Trump's election win

Bitcoin's price fell after briefly exceeding $90,000, following a 33% increase since Donald Trump's election win on November 5. The decline coincided with a selloff in global equity markets, raising concerns about potential liquidation risks. The cryptocurrency's price dropped to below $87,000 during the Asian session on Wednesday. Analysts noted that profit-taking could limit further gains, as Wall Street and major Asian markets also experienced declines ahead of upcoming US inflation data. Despite the recent retreat, there are expectations that Bitcoin could reach $100,000 by the end of the year. The market remains volatile, influenced by speculation and large trades, particularly as investors react to the political landscape and regulatory outlook.