Bitcoin faces a steep decline, with bearish trends, record ETF outflows, and weak investor confidence causing an $800B crypto market wipeout.

Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump's election victory last year ebbs away," the Financial Times wrote today.

Major cryptocurrencies like Bitcoin and meme coins such as Dogecoin are seeing a major sell-off this week, wiping out Trump-era gains.

Bitcoin tumbled below $90,000 to hit the lowest level since mid-November, as the rally that followed Donald Trump’s election to the White House reverses amid a broader retreat from risky assets.

The price of bitcoin fell below $90,000 and other cryptocurrencies saw large drops Tuesday morning, erasing some of the gains digital assets have made since President Donald Trump took office on a pro

Bitcoin dropped to a three-month low as investors moved away from riskier assets, falling nearly 8% to over $86,000, its lowest level since November. The cryptocurrency has declined over 15% in the past month and is down over 5% in 2025.