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Trump-Inspired Bitcoin Boom Appears to Lose Traction

  • The momentum of the bitcoin rally inspired by Donald Trump's election appears to be waning.
  • Bitcoin's price in London has dropped $15,000 from its record high, hovering around $93,000.
  • Reduced expectations for Federal Reserve interest rate cuts and outflows from exchange-traded funds have cooled speculator fervor.
  • The future of America's crypto policy is expected to become clearer once Trump takes office on Jan. 20.

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