---
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"
date: 2025-11-17
canonical: "https://www.share-talk.com/crypto-investors-pull-1-1tn-as-trump-fuelled-bitcoin-boom-unravels/"
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"]
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format: "news"
language: "en-GB"
---

# Crypto Investors Pull $1.1tn as Trump-Fuelled Bitcoin Boom Unravels

**Published:** November 17, 2025
**Author:** sharetalk
**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)

---

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”.

**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.

By 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.

The 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**.

**Stephen Innes** of SPI Asset Management said bitcoin’s sharp reversal shows how swiftly the hype has unwound:

> “A month after its euphoric highs, Bitcoin’s Trump-trade sugar rush faded.”

He 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.

Markets 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.

Sentiment among everyday crypto traders has deteriorated sharply, said **Matthew Hougan**, CIO at Bitwise Asset Management:

> “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.”

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