#BitcoinBounceBack On January 30, bitcoin was worth over $105,000 after a dizzying post-election surge, and now it hovers around $90,000. What has happened?

While Trump's election triggered the movement above the key level of $100,000, investors may have overestimated the impact of his presidency on the asset class, says Adrian Fritz, head of research at 21Shares, a provider specialized in cryptocurrency ETPs. This wave of selling reflects that reforms will take longer than expected, he adds; the latest decline could also be a positive correction.

Immediately after the U.S. elections, the price of bitcoin rose rapidly, making a correction almost inevitable and helping the price of the asset rise in a structured manner, eliminating the speculative component.