The beginning of the week was marked by a wave of sales in the cryptocurrency market, as investors' enthusiasm for Donald Trump's victory began to fade. The surge in interest in cryptocurrencies was associated with Trump's promises to create favorable conditions for the industry and his ambiguous support for the national bitcoin reserve fund. Nevertheless, high volatility has limited investors' desire to keep assets. On December 5, bitcoin reached a record high of $103,990, but then faced difficulties holding above the six-digit level. On Monday, bitcoin fell to $94,255, and the index of smaller digital assets lost 15%. The overall cryptocurrency market has shrunk by about $200 billion in the last 24 hours. At the moment, bitcoin is trading at a price of $97,664. Experts attribute the correction to «deleveraging in the crypto ecosystem» and investor caution on the eve of US inflation data. Since Trump's election, about $10 billion has been invested in spot bitcoin ETFs. MicroStrategy on Monday announced the purchase of BTC for another $2.1 billion.
