{"id":129356,"title":"Crypto Investors Pull $1.1tn as Trump-Fuelled Bitcoin Boom Unravels","publisher":"Share Talk","author":"sharetalk","published":"2025-11-17T11:40:23+00:00","modified":"2025-11-17T11:40:23+00:00","canonical_url":"https://www.share-talk.com/crypto-investors-pull-1-1tn-as-trump-fuelled-bitcoin-boom-unravels/","markdown_url":"https://www.share-talk.com/crypto-investors-pull-1-1tn-as-trump-fuelled-bitcoin-boom-unravels.md","json_url":"https://www.share-talk.com/crypto-investors-pull-1-1tn-as-trump-fuelled-bitcoin-boom-unravels.json","category":"B2B","categories":["B2B","Blogs","e-commerce","Fintech","Technology","Technology, Media & Telecoms"],"tags":["Alabama","Bitcoin","BTC","crypto president","cryptocurrencies","cryptocurrency","digital currencies","Dogecoin","Donald Trump","Dow Jones","Elon Musk","Gary Gensler","Goldman Sachs","Indiana","Michigan","NASDAQ","North Carolina","Republicans","S&P 500","USA","West Virginia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/BTC-15-JAN-2024.jpg?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"Nearly **$1.1 trillion** has been wiped from cryptocurrency markets in recent weeks as confidence fades in **Donald Trump’s promise** to make the US the “crypto capital of the world”.\n\n**Bitcoin** tumbled to **$93,730** on Sunday, far below its **record high above $126,000** set just last month. The plunge has erased nearly **$580bn** from the world’s largest digital asset. At one point over the weekend, bitcoin had given up **all its gains for the year**, extending a sell-off triggered by **one of the biggest crypto crashes in history** in October.\n\nBy Monday, bitcoin remained subdued **below $96,000**, with investors still reeling from last month’s brutal liquidation that wiped out around **$400bn (£300bn)** in less than 24 hours.\n\nThe collapse has intensified scrutiny of **Mr Trump’s ambition** to become the self-styled **“crypto president”**. While his election victory in November sparked a powerful digital asset rally, enthusiasm has since evaporated. Even his own **Trump memecoin**, which briefly soared to a **$9bn valuation** days after its January launch, has slumped back to **$1.1bn**.\n\n**Stephen Innes** of SPI Asset Management said bitcoin’s sharp reversal shows how swiftly the hype has unwound:\n\n> “A month after its euphoric highs, Bitcoin’s Trump-trade sugar rush faded.”\n\nHe added that crypto now “feels like a **passenger — not a driver**” of market sentiment, as global traders brace for a wave of delayed US economic data following the **record government shutdown**. The release of **major payroll figures** on Thursday is set to be a key flashpoint.\n\nMarkets are also on edge ahead of **Nvidia’s Q3 results** on Wednesday — a crucial test of whether the AI boom is turning into a bubble.\n\nSentiment among everyday crypto traders has deteriorated sharply, said **Matthew Hougan**, CIO at Bitwise Asset Management:\n\n> “The sentiment in crypto retail is pretty negative. They don’t want to live through another 50pc pullback. People are front-running that by stepping out of the market.”"}