According to Bloomberg, Bitcoin has set a record for the longest consecutive decline since Trump won the US election. As of Monday, Bitcoin has fallen approximately 6% for three consecutive days. Since the election date on November 5, the total market capitalization of the cryptocurrency market has increased by $1 trillion, but the momentum has currently stalled. IG Australia analyst Tony Sycamore believes that this pullback is mainly to eliminate the overbought condition and not a trend reversal. Independent Reserve CEO Adrian Przelozny stated that the current bullish sentiment is expected to last until 2025. TD Cowen analyst Jaret Seiberg pointed out that Trump will gain control over the US SEC after his inauguration, which will be conducive to easing cryptocurrency regulation.

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