Momentum for Bitcoin is beginning to cool following a white-hot week for the asset, beginning October 28, where it traded $175 shy of its all-time high.
Bitcoin dipped as low as $67,569 on Sunday, its lowest point in a week, data from CoinGecko shows.
Its latest slip comes as self-proclaimed crypto candidate, former President Donald Trump, faces fresh warning signs ahead of Election Day on November 5.
Bitcoin is down by nearly 2% on the day but remains up by about 1% over the past seven days to $68,040.
Last Tuesday, Bitcoin spiked above $73,000 for the first time in months, bolstered by a strong performance in Bitcoin ETFs, with billions of dollars rushing into the American funds—most of it going to BlackRock’s iShares Bitcoin Trust (IBIT).
Bitcoin began cooling off on Thursday and continued into the weekend, slipping below the $68,000 mark amid new doubts around the prospect of crypto advocate Donald Trump claiming a second term as president.
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Author: Andrew Hayward
