LONDON, November 18. /TASS/. Around $1.1 trillion has been pulled from cryptocurrency markets in recent weeks as investors lose faith in US President Donald Trump's ambition to make the country the crypto capital of the world, The Daily Telegraph reported.
Investors are withdrawing money as markets prepare for the release of US economic data, which was delayed due to the shutdown ending on November 12, and which has rather negative sentiment, according to the publication. After winning the presidential election last November, Trump triggered a rally in the digital asset industry, but that boom has now subsided, the newspaper said.
Earlier, the price of Bitcoin fell below $90,000 during trading for the first time since April 22, 2025, after hitting a record high of over $126,000 last month. According to Binance data as of 7:30 a.m. Moscow time (4:30 a.m. GMT), Bitcoin was down by 5.68% at $89,990.