Bitcoin rose slightly but continues to trade well below the December 17 record high of $108,379. Many analysts expect bitcoin’s consolidation to be brief. Since Donald Trump’s victory in November’s U.S. presidential election, bitcoin has jumped more than 40%.
Trump’s pledge to make the U.S. the crypto capital of the world has boosted the sector. Bitcoin rose 1.1% to $95,850, according to LSEG data.