Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. That’s down from about $106,000, which was the price around Trump’s inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.

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.

The cryptocurrency market is experiencing a dramatic reversal of fortune as Bitcoin has plunged below $90,000, reaching its lowest level since mid-November.

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,