Cryptocurrencies are cooling after record growth

Bitcoin's recent unsuccessful attempt to break the $100,000 mark has led to the longest cycle of decline in the digital asset since Donald Trump's victory in the US elections. 

This wave of decline (approximately 6% in three days) cooled the speculative excitement, which was caused by hopes for the support of cryptocurrencies from the president-elect. At the moment, bitcoin is trading at $92,386, and the overall cryptocurrency market, which has grown by $1 trillion since November 5, has also slowed down.

Experts attribute this turning point to the fact that traders, perhaps for the first time, doubted the possibility of reaching $ 100,000 and decided to lock in profits. However, not everyone is pessimistic, and some analysts believe that this episode will be short-lived.

The decline in cryptocurrency prices coincided with a period of increased volatility in global markets caused by Trump's statements on the introduction of additional duties on goods from China, Canada and Mexico. Investor uncertainty led to a strengthening of the dollar and a fall in stocks, which, according to experts, affected the cryptocurrency market. Despite the current instability, many optimists predict positive market sentiment until 2025.