Bitcoin Retreats, Dropping To Above $92,000 As Investors Reap Profits, Causing Crypto Market To Drop

Benzinga

Bitcoin dropped to near $92,000 early Tuesday morning, retreating from the $100,000 mark amid profit-taking after post-election gains, according to CoinGecko. The total crypto market capitalization fell nearly $180 billion to over $3 trillion. Analysts cited profit-taking and historical patterns of consolidation after all-time highs. Bitcoin has surged over 30% since November 5th, driven by optimism about Donald Trump's pro-crypto platform and upcoming regulatory changes, including SEC Chair Gary Gensler's planned resignation on January 20th.

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

00:02Bitcoin dropped near the $92,000 level early Tuesday morning,

00:06retreating from the $100,000 mark amid profit-taking after post-election gains,

00:11according to CoinGecko. The total crypto market capitalization fell nearly $180 billion to over

00:17$3 trillion. Analysts cited profit-taking and historical patterns of consolidation after all-time

00:23highs. Bitcoin has surged over 30% since November 5, driven by optimism of Donald Trump's pro-crypto

00:29platform and upcoming regulatory changes, including SEC Chair Gary Gensler's planned

00:35resignation on January 20. For all things money, visit Benzinga.com slash GSTV.

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