Bitcoin sees weekly decline over Fed policy outlook, 1st since Trump’s win

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.

The largest digital asset was down 9.5 per cent for the seven-day period through 10 a.m. Monday in London. A wider crypto market gauge, encompassing smaller tokens such as Ether and meme-crowd favorite Dogecoin, suffered a sharper decline of about 12 per cent.