Bitcoin (BTC) Price Falls as Trump Euphoria Gives Way to Fed Caution

Bitcoin extended its decline from this week’s record high to nearly 15% as hawkish signals from Federal Reserve prompted traders to sell an asset that has more than doubled this year.

The native cryptocurrency fell as much as 5% to $92,600 on Friday morning in New York after setting an all-time high just above $108,000 earlier in the week. The downturn weighed more heavily on smaller tokens right from Ether to Dogecoin, and also came as shares in Asia and Europe traded lower.