Bitcoin has seen its first weekly decline since Trump's election, dropping over 7% amid changing Fed policies and market uncertainty.

Bitcoin pared earlier losses after capping its first weekly decline since Donald Trump’s election victory, while many smaller tokens turned higher on the day.

Since President Donald Trump’s election in November, Bitcoin has experienced a significant rally, propelling its value well into six figures. However, the week ending December 22 marked Bitcoin’s first considerable weekly price drop during this period.

One industry group has gone as far as to draft a text of a potential executive order Trump could use to establish a bitcoin stockpile.

The crypto industry is urging Donald Trump’s team to begin his promised crypto policy changes when he becomes president next month. Industry officials say they want him to use executive orders to make cryptocurrencies more mainstream.