Bitcoin falls nearly 2%, erases over 30% year’s gain – What’s pulling it down?

After reaching an all-time high more than a month ago, Bitcoin fell 1.59% on Sunday at 4:21 pm ET. This drop wiped out the more than 30% increase it had gained earlier this year. According to a Bloomberg report, the excitement around the Trump’s support for crypto has faded, and the recent slowdown in big tech stocks has made investors less willing to take risks.