Bitcoin falls below $100,000
Price gains around 50% since US elections
By Gokhan Ergocun
ISTANBUL (AA) - The price of Bitcoin fell below $100,000 on Thursday after hitting a record high of $103,900.
The price of the world’s largest cryptocurrency was at around $99,300 as of 2000GMT.
The market expects positive developments for cryptocurrencies after US President-elect Donald Trump’s win in the presidential election because he pledged that his country would be the "crypto capital" of the world.
The market cap of Bitcoin recently stood at $1.97 trillion, according to figures by Coinmarketcap, a digital asset price-tracking website.
Bitcoin was hovering around $68,000 on the eve of the US Election Day on Nov. 5 and it has since gained around 50% of value.
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