Traders took profits after the bitcoin’s post-election rally, which has been fueled by optimism about President-elect Donald Trump’s pro-crypto policy platform. “Historically, when new all-time highs are reached there is typically a period of consolidation before further moves up,” Crypto infrastructure firm BitGo’s Brett Reeves told CNBC. “We know that new institutional money is coming into the space and retail activity is picking up, both via ETFs and exchanges. With positive macro and regulatory news ahead, we could see a quick pick up in price activity.” Beyond the Valley Get a weekly round up of the top tech stories from around the world in your inbox every Friday.