Cryptocurrencies enjoyed a bright start to the year but that looks to be coming undone as the recent selloff continued Thursday.

Key Takeaways Bitcoin surged above $100,000 early this week but has tumbled in recent days as investors reassess this year's interest rate outlook.The digital asset's price recently formed a bearish engulfing pattern to halt the recent rally.

Trump campaigned aggressively on a pro-crypto agenda, but some crypto voices are concerned about the volatility of his policies.

Cryptocurrencies typically gain when interest rates fall as riskier assets such as Bitcoin or XRP see higher demand. Traders still expect rates to go down, but just not as much as

Legendary bitcoin and crypto investor Arthur Hayes has predicted when the bitcoin price and crypto market will