Bitcoin was falling in early trade, remaining below the key $100,000 level following its recent consolidation.
The cryptocurrency reached a record high last month, boosted by hopes that Donald Trump’s victory in November’s U.S. presidential election will lead to more supportive policies for digital assets.
It has since suffered a retracement, although some analysts expect this to prove temporary.
Bitcoin was trading down 0.9% at $96,258 after hitting a record high of $108,379 on December 17, according to LSEG.
