Bitcoin Rebounds Over $90,000 After 3% Weekend Decline, Growing 'Overheatd' Following Presidential Election

Benzinga

Bitcoin has rebounded after a 3% weekend drop, trading just above $90,000 as of midday Monday. The digital asset had a two-day retreat following optimism around President-elect Donald Trump’s pro-crypto policy agenda. One analyst noted Bitcoin became overheated after a strong rally since the US election, with much of the optimism already priced in. Analysts cite inflation risks from Trump’s proposed trade tariffs and tax cuts as tempering investor enthusiasm. Regulatory clarity could boost venture capital, mergers, and IPOs, but a US Bitcoin reserve remains unlikely.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Bitcoin has rebounded after a 3% weekend drop, trading just above $90,000 as of midday Monday.

00:08The digital asset had a two-day retreat following optimism around President-elect

00:12Donald Trump's pro-crypto policy agenda. One analyst noted that Bitcoin became overheated

00:18after a strong rally since the U.S. election, which much of the optimism already priced in.

00:23Analysts also cite inflation risks coming from Trump's proposed trade tariffs

00:27and tax cuts as tempering investors' enthusiasm. Regulatory clarity could boost venture capital,

00:33mergers, and IPOs, but a U.S. Bitcoin reserve remains unlikely.

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