Bitcoin has fallen more than 10 per cent since the Fed's December 18 announcement. Aurelie Barthere, chief research analyst at Nansen, told The Block: "I would have expected the pullback to happen later, probably in January. The Fed's hardline stance and political uncertainty around US fiscal priorities, including ongoing government shutdown negotiations, may have contributed to the sell-off." Barthere expects a price range of $90,700- $91,000 for bitcoin, which represents support after the US election. "So far, the correction appears to be orderly, with no signs of panic in trading volumes, suggesting there is potential for bargain-hunting activity, so a correction seems normal and healthy after cryptocurrencies outperformed all other financial assets after November 5," Barthere said.