Cryptocurrencies enjoyed a bright start to the year but that looks to be coming undone as the recent selloff continued Thursday.

XRP the popular altcoin that is used to facilitate and settle payments on the Ripple platform, rose 2.6% to $2.45. Cryptos have rallied across the board since November on hopes that the incoming Trump administration will further boost the digital coins.

Key Takeaways Bitcoin surged above $100,000 early this week but has tumbled in recent days as investors reassess this year's interest rate outlook.The digital asset's price recently formed a bearish engulfing pattern to halt the recent rally.

Cryptocurrencies were under pressure Wednesday as traders assessed another sharp pullback. But this slump may be different.

Trump campaigned aggressively on a pro-crypto agenda, but some crypto voices are concerned about the volatility of his policies.

Legendary bitcoin and crypto investor Arthur Hayes has predicted when the bitcoin price and crypto market will