Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets.
Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507.
It has since rebounded to around $94,209, CoinGecko data shows.
2025 was tipped to be a strong year for the crypto markets after US President Donald Trump was inaugurated on Jan. 21, having formed the most pro-crypto administration to date, which has followed through on most of his promises.
Regulatory momentum under the Trump administration has been accompanied by an explosion in corporate Bitcoin treasury…
