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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

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Young Zhan Heng

Young Zhan Heng

Published Thu, Nov 20, 2025 · 07:17 PM
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    • Despite the paper losses, on-chain data suggests that owners of large amounts of Bitcoin are taking the opportunity to snap up more of the cryptocurrency.
    • Despite the paper losses, on-chain data suggests that owners of large amounts of Bitcoin are taking the opportunity to snap up more of the cryptocurrency. PHOTO: AFP

    [SINGAPORE] 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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