Bitcoin has recently experienced a decline in value, marking its longest losing streak since Donald Trump was elected. The digital asset attempted to reach the $100,000 mark but was unsuccessful.

This decline in value coincides with a decrease in enthusiasm surrounding the president-elect's support for cryptocurrency. Despite the wider crypto market experiencing a significant increase of $1 trillion since the November 5 election, momentum seems to have slowed down.

As of 8:40 a.m. Tuesday in Singapore, Bitcoin was trading at $94,245, reflecting a three-day decline of approximately 6%. This decline in value coincides with a decrease in enthusiasm surrounding the president-elect's support for cryptocurrency.