<ul><li>Bitcoin marked its first weekly decline since Donald Trump’s election victory as the Federal Reserve’s cautious policy outlook tempered optimism over the president-elect’s embrace of the crypto sector.</li><li>The largest digital asset was down more than 7% for the seven-day period through 9:27 a.m. Monday in Singapore, the biggest such drop since September.</li><li>The Fed's hawkish pivot and a record outflow from US exchange traded funds investing directly in Bitcoin are expected to weigh on prices in the near term.</li><li>Bitcoin is currently trading at about $94,344, nearly $14,000 below the record high set on Dec. 17.</li></ul>

Bitcoin Posts Its First Weekly Decline Since Trump’s Victory

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