Bitcoin erased over 30% gains it registered from the beginning of this year, just a little after a month of reaching its all-time high. This comes on the back of the Trump administration's exuberance over the pro-crypto stance fading.

Bitcoin declined below $93,714 on Sunday, pushing the rate beneath the closing level it reached at the end of last year, when the financial markets rallied post US President Donald Trump's election victory. The dominant cryptocurrency hit a record of $126,251 on October 6, only to start declining four days later after Trump's unexpected comments on tariffs sent global markets into a tailspin.

The cryptocurrency pared its losses, trading at $95,055.30 around 7.10 am IST on Monday.

Over the past month, many of the biggest buyers — from exchange-traded fund a

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