Bitcoin posted its biggest two-day pullback since the U.S. election over the weekend, Bloomberg reports .

Global markets have gone into caution mode as they assess the potential impact of President-elect Donald Trump's political agenda on asset movements, including cryptocurrencies.

The main digital coin fell by almost 3% over Saturday and Sunday, after which it returned to growth and as of 10:02 Moscow time on Monday was trading at $92,145.

Among the uncertainties is the timing of Trump's promises to support cryptocurrencies, as well as their implementation.

In the US stock market, euphoria over Trump's business-friendly stance is tempered by inflation risks from the prospect of trade tariffs and budget deficits to finance tax cuts.

Investors are reconsidering expectations of interest rate cuts by the Federal Reserve amid a robust U.S. economy, which could be a headwind for cryptocurrencies as liquidity conditions could impact speculative demand for digital tokens.

Bitcoin has "overheated" after a record rally since the November 5 election, and "a lot of good news has been priced in," IG Australia Pty market analyst Tony Sycamore wrote in a note.

Trump has promised to create a crypto-friendly regulatory environment, create a strategic reserve of bitcoin, and make the U.S. a global hub for the industry. A former cryptocurrency skeptic, the president-elect changed his tune after digital asset firms spent heavily on advancing their interests during the campaign.

Cryptocurrency legislation could be approved soon under the Trump administration, shifting regulation away from enforcement to a more collaborative approach, JPMorgan Chase & Co strategists led by Nikolaos Panigirtzoglou wrote in a note.