Bitcoin is facing the risk of its first monthly close down in four months...
In a record-setting year, Bitcoin's upward momentum has slowed in the last few days as investors assess the residual impact of President Donald Trump's support for the cryptocurrency sector.
As of Friday before the European market opened, Bitcoin was trading around $94,000. Digital currencies like Ethereum and Dogecoin were fluctuating within a narrow range.
Trump is advancing his commitment to create a cryptocurrency-friendly environment in the U.S. and supports the idea of establishing a national Bitcoin reserve. Traders are cashing in on some of the profits triggered by the Republican optimism towards cryptocurrencies and are waiting to see if the proposed reserve is feasible.
