The price of bitcoin fell 11% to $67,000, now worth less than when Trump was re-elected. It has lost nearly half its value since reaching a high of $126,210.50 on Oct. 6. Investors are concerned about crypto regulation despite Trump’s support.

Investors are pulling out of speculative assets like gold, silver, and digital currencies due to concerns about regulation. The White House hosted a meeting with banks and crypto companies to discuss pending legislation on stablecoins. Banks oppose crypto accounts providing dividends, fearing loss of traditional banking funds.

Investors have pulled $5.7 billion out of spot bitcoin ETFs from November to January. Companies facilitating crypto trading have been hit hard in the sell-off. Coinbase Global fell 9.1%, Robinhood Markets lost 8.1%, and Riot Platforms dropped 10%.

Strategy, a crypto treasury company, fell 13% with holdings of 713,502 bitcoin, purchased at an average price of $76,000. American Bitcoin, in which Trump’s sons have a stake, fell 6.6% and is down over 80% since Oct. 7. Other Trump-related crypto ventures have also declined significantly.

The market value of the World Liberty Financial token has fallen to $3.25 billion from over $6 billion in mid-September. The price of the meme coin named after Trump, $TRUMP, is $3.93, a fraction of the $45 price before his inauguration.

Read more at Yahoo Finance: Bitcoin price falls below pre-Trump second term levels, now hovering below $67,000