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 Trump took office on a pro-crypto agenda.

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.

Bitcoin BTCUSD surged to an all-time high of $109,225 on Jan. 20, President Donald Trump’s inauguration day — extending a rally celebrated by crypto bulls who bet that the new administration would clear away regulations,

Bitcoin fell below $90,000 on Tuesday, marking a three-month low for the popular cryptocurrency. The price of Bitcoin dropped more than 8 percent to $87,262 as of Tuesday afternoon, according to Coinbase.

The cryptocurrency market is experiencing a dramatic reversal of fortune as Bitcoin has plunged below $90,000, reaching its lowest level since mid-November. This decline marks a significant departure from the buoyant rally that followed President Trump’s election,

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,