Bitcoin reaches more than 3 months, invests the profits after Trump’s choice

A one -week defeat in Bitcoin worsened on Friday, with the digital asset reaching a minimum of more than 3 months, reversing profits that followed the election of the president of the United States, Donald Trump.

Bitcoin was quoted to around $ 80,500 in the first Asia operations, 3.45% less in the day and almost 25% lower than a maximum of all time in mid -December.

Bitcoin had enjoyed an increase in prices after Trump’s victory in November, and the leader passed through a pro-Crypto candidate during his campaign.

However, prices have been reduced as investors avoid perceived assets as risky given the weakness in world capital markets, the uncertainty surrounding the tariff policy of the new president and resolutions to the main wars such as Russia-Ukraine and Israel-Gaza.

The feeling of investors was also agreed by the news that Bybit, an important cryptocurrency exchange, suffered a Hack of $ 1.5 billion In what is estimated that it is the crypt of the greatest history in history.

“It seems that the market has become volatile in reaction to the Bybit incident,” said Jeff Mei, director of Operations of Crypto Exchange Btse in a statement sent to CNBC, and added that inflation concerns and a pause in Fed Rate cuts in the United States have also suppressed the markets.

Even so, some cryptographic bulls remain positive in Bitcoin’s perspective while waiting for key regulatory developments of the Trump administration.

Already, Trump has signed an executive order that promotes the progress of cryptocurrencies in the US and the development of a national reserve of digital assets. Meanwhile, your administration has created Working Group and a “Cryptographic tsar“Assigned to support a clear regulatory framework for cryptographic assets.

Geoffrey Kendrick, head of Digital Assets Research at Standard Chartered, said in an interview with “Europe Squawk Box” of CNBC on Thursday that Bitcoin could exceed the threshold of $ 200,000 This year.

The increase in cryptographic adoption of institutions together with some “regulatory clarity” in the United States, should lead to lower volatility over time, he said.

—CNBC Ryan Browne contributed to this report