Bitcoin has fallen through the $90,000 level, weakened by sell pressure in equities as the crypto market awaits its next catalyst

Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.

Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies.

Not long after buying and publicly consuming a $6.2m banana as part of an artworld stunt, Chinese crypto entrepreneur Justin Sun made another eye-catching purchase, investing $30m ($23.5m) into a cryptocurrency firm called World Liberty Financial.