Jan. 30, bitcoin was worth over USD 105,000 after a blistering post-election rally, now it is hovering around USD 90,000. What happened?

While Trump’s election triggered the move above the key USD 100,000 level, investors may have overestimated the impact of his presidency on the asset class, says Adrian Fritz, head of research at 21Shares, a specialized provider of crypto ETPs. This selloff comes as a realization that reforms will take longer than expected, he says; the latest decline may also be a healthy correction.
“Immediately after the US election, the price of bitcoin quickly rose, which makes a correction almost inevitable and helps the price of the asset to rise in a structured way, removing the speculative component.”