Golden Finance reported that Bloomberg published an analysis saying that Bitcoin suffered its first weekly decline since Trump won the U.S. presidential election as the Federal Reserve’s cautious policy outlook weakened the U.S. government’s optimism in embracing the cryptocurrency industry. Bitcoin's seven-day decline reached about 7% on Monday, the largest decline since September. Sean McNulty, head of trading at liquidity provider Arbelos Markets, said that last week’s outflows from U.S. exchange-traded funds that directly invested in Bitcoin will put pressure on Bitcoin prices in the short term. He expects BTC prices to remain at 100% by the end of 2024. The level of US$90,000 was added, adding that the options market began to try to hedge downwards, with option buyers setting strike prices of US$75,000 to US$80,000 in January, February and March next year.