The Business Times
business-time-50
SUBSCRIBERS

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

Summarise
google-preferred-sourceAdd BT as a preferred source
Young Zhan Heng

Young Zhan Heng

Published Thu, Nov 20, 2025 · 07:17 PM
阅读简体中文版 (beta)
    • 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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [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.

    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.

    BitcoinCryptocurrencies

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More