Bitcoin set for first yearly loss since 2022 as macro trends weigh on crypto
Dec 31 : Bitcoin is on track to post its first annual loss since 2022, as macroeconomic pressures and fading momentum weighed on the world’s largest cryptocurrency.
Despite reaching a fresh record high this year, bitcoin has struggled to regain its footing since October, and last month experienced its biggest monthly drop since mid-2021. Now, it is on track to end the year more than 6 per cent lower, after posting yearly gains the previous two years. It was last trading at $87,474.2.
After soaring earlier this year with the election of crypto-friendly U.S. President Donald Trump, cryptocurrencies – along with stocks – plummeted in April on his tariff announcements. They quickly rebounded, with bitcoin hitting an all-time peak…
