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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
