Bitcoin's gains in a record year slowed at the end of the year, and investors are closely watching the possible impact of President-elect Trump's support for cryptocurrencies. As of Friday's pre-European trading, the price of Bitcoin hovered around $96,200, partially recovering yesterday's nearly 3% drop. Meanwhile, other digital currencies such as Ethereum and Dogecoin fluctuated in a narrow range.

In the four trading days ending December 24, the U.S. Bitcoin spot ETF saw $1.5 billion in outflows, the largest withdrawal since Trump won the election. Bitcoin is at risk of closing lower in December, which would be the first time in more than four months. Previously, Bitcoin hit an all-time high of $108,316 on December 17. 📉