The Federal Reserve's unexpectedly hawkish stance last week halted Bitcoin's post-election rally, with the cryptocurrency recording its first weekly loss since Trump's victory in early November. The Fed indicated that it would cut interest rates twice next year, compared with four previous expectations. The shift has caused investors to reassess their positions in speculative assets such as Bitcoin, causing its price to fall. Cryptocurrency investor Scott Melker said, "This also shows that traders are mainly focused on profit-taking rather than aggressive selling."

Bitcoin will still rise