The price of bitcoin has dramatically crashed amid broader fears across the market. It is the most dramatic crash of Donald Trump’s presidency, after a period that has seen huge surges linked to his commitments to put crypto at the heart of his administration.

Another crypto market crash is happening with Bitcoin, Ethereum, Solana, Dogecoin and the XRP price witnessing significant declines.

Bitcoin fell below $90,000 for the first time since November as cryptocurrencies slumped amid broader market pressure.

Bitcoin fell below $90,000 on Tuesday, sinking nearly 20% from its all-time high that was reached just a month ago during Donald Trump’s inauguration. The leading cryptocurrency, which had been rallying since Trump’s re-election in November,

The cryptocurrency market faced a sharp downturn on Monday, with Bitcoin (BTC) plunging to $90,000 and leading altcoins following suit. Ethereum (ETH), XRP, and Solana (SOL) saw steep declines as investor sentiment turned bearish amid mounting concerns over global trade tensions.

Over the past five months, the crypto market saw impressive growth, with total market capitalisation surging from $2.11 trillion back in October to a peak of $3.72 trillion. This bull run was triggered by various positive developments that gave a huge boost of confidence to the crypto community.