Bitcoin Churns Near $90,000 After Largest Drop Since US Election

Bitcoin posted its biggest two-day retreat over the weekend since the US election amid a bout of caution in global markets as traders assess the potential impact of President-elect Donald Trump’s policy agenda.

The digital asset fell almost 3% across Saturday and Sunday before paring some of the drop to change hands at $90,100 as of 9:05 a.m. Monday in Singapore. Among the uncertainties are Trump’s timetable for delivering on his pro-crypto pledges and whether all are feasible, such as setting up a US Bitcoin stockpile.