After breaking $108K on Wednesday, Bitcoin has now dipped below $100K. The entire crypto sector has come under pressure in the wake of the equity market pullback," Louis Navellier, the chief investment officer of Naviellier & Associates, said in a note Thursday morning.
Bitcoin broke past $100,000 for the first time in early December, driven higher by a multi-week rally following Donald Trump's election win. Crypto enthusiasts have dubbed Trump the "crypto president," with hopes swirling that he will boost the market via less regulation and even push the US government to start buying bitcoin itself.