Bitcoin erases 2025 gains as investors fret over the macro environment
As at Nov 20, cryptocurrency’s value is 2.4% lower than that at the start of the year
Bitcoin’s correction has erased the gains it made in 2025, just over a month after it hit a new record. Analysts attributed the decline to investor concerns over the US economy and the wider macro environment.
Bitcoin surged this year after President Donald Trump passed pro-crypto legislation. On Oct 6, the cryptocurrency hit an all-time high of US$126,251.
On Tuesday (Nov 18), it fell below US$90,000, technically entering a bear market, according to market observers.
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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