The recent $ 1.5 billion mammoth assets from the Bybit exchange and Donald Trump’s duties have changed the climate in the cryptocurrency market by ending the rally that followed the election of the US president.

Bitcoin, the largest cryptocurrency on the planet, recedes on Tuesday below the $ 90,000 threshold, moving around $ 88,965 with Losses of 7.2%. It is noted that Bitcoin is now 20% lower than the level of January after the Trump swearing -in.

Even stronger losses record Tuesday Solanawhere loses 12.56% at $ 139.38, and the Xrpthat slides by 11% at $ 2.21 while ‘Dive’ almost 10% notes Ethereum.

The recent slide of digital assets is attributed, according to Adrian Przelozny, head of the Independent Reserve, in the broader uncertainty in financial markets due to Trump duties.

Under pressure are the negotiable mutual funds associated with cryptocurrencies. The Ishares bitcoin Trust etfthe largest fund linked to the cryptocurrency spot price showed outflows of $ 158 million on Monday, while investors withdrew almost $ 250 million from Fidelity Wise Origin Bitcoin Fundwhich showed the third largest loss among all ETFs. Overall from the Bitcoin ETFs in February, $ 956 million wings, according to Bloomberg Intelligence.

In the derivative markets, more than $ 1.34 billion were liquidated in 24 hours, according to Coinglass data.

The uncertainty that Donald Trump’s duties have triggered was burdened by recent Mammoth theft by the Bybit exchanged, Ether worth almost $ 1.5 billion, which intensified the uncertainty about the security offered by digital property platforms.

The climate has further exacerbated the scandal with the Memecoin $ Libra allegedly involved in Argentinean president Javier Miley.