Bitcoin drops sharply this Monday: with a decrease of around 5.13%, it falls below the $100,000 level to settle at $99,246.1.
Just a week ago, the digital currency was at record levels after surpassing $109,200. This was fueled by the return of Donald Trump as President of the United States and his favorable stance towards cryptocurrencies, causing Bitcoin to start the day above $100,000, where it remained all week.
However, these initial days have disappointed investors, and the price of the digital currency has experienced a negative change of 8.58%, as reported by the eToro platform.
Despite announcing significant investments in Artificial Intelligence (AI) through the Stargate project and signing two decrees last Thursday to benefit the digital assets sector for better technological development and innovation in the country, Trump avoided direct mention of Bitcoin. His silence has now been met with a response on Monday, and the excitement over his return has cooled off.
On the other hand, while Bitcoin had a promising week, the dollar recorded its weakest week since November 2023 as tariff fears diminished. However, this Monday, the price of the American currency has revived with the latest tensions between the US and Colombia, increasing its value against others such as the euro and the yen.