Trump was supposed to be the crypto president, but his bullish support for digital assets hasn’t kept once red-hot bitcoin from entering freefall in the last month.

The OG cryptocurrency barreled deeper into bear market territory on Tuesday, trading as low as $89,368 early in the day. That officially wipes out the crypto’s gains since the start of the year, and marks the first time bitcoin has fallen below $90,000 since the tariff-fueled sell-off in April.

After being up as much as 35% year-to-date, Tuesday’s decline has pushed the token into negative territory. Bitcoin is now down 2% in 2025.

Ethereum, the second-largest coin, dipped below $3,000 for the first time in five months. The token is down more than…