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.

Bitcoin isn’t money, and we know it’s not because its owners tell us it’s not when they rhapsodize about its limited supply.

Bitwise's Europe head of research, who has been accurately bullish on Bitcoin (BTC) for months, has turned cautious after last week's 8% dip, warning of deeper losses in the coming weeks.

Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.

MicroStrategy shares have generally mirrored bitcoin's directional moves as the company has built its stake in the cryptocurrency. The strategy of using leverage, however, has translated into stock price gains that have far outpaced bitcoin, which is up about 125% since the start of the year.

See the 10 stocks » Bitcoin versus Ethereum in 2025 For those who don't know, there are a few major differences between Bitcoin and Ethereum. Bitcoin is primarily used as a store of value, like gold,

President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?

As Bitcoin continued its 10% slide from all-time highs down to $96,000 this week, Bitwise Chief Investment Officer Matt Hougan joined the chorus of veteran crypto analysts unfettered by the volatility.

A bitcoin strategic reserve would help ensure the U.S. plays a significant role in the cryptocurrency market, which supporters view as a fast-growing part of the global financial system, Nik Bhatia, a professor of finance and business economics at the University of Southern California who studies cryptocurrency, told ABC News.

Some may have seen Powell's comments as handing the market a lump of coal for Christmas. But the Fed's new projections should not have been surprising.

Spot bitcoin ETFs saw $680 million in outflows on Thursday, the largest volume recorded in a single-day, according to Bloomberg data.