Bitcoin is set to end the year with its first annual loss since 2022, down more than 6% after struggling to regain momentum since October. Despite hitting record highs, it is now trading at $87,474.2. The market reacted to Trump’s tariff announcements, causing a $19 billion liquidation in leveraged crypto positions, the largest in history. Bitcoin’s correlation to the stock market has increased, with analysts predicting closer ties next year due to factors like monetary policy shifts. The crypto industry saw regulatory wins in the U.S. under Trump, but further legislation is needed to address industry problems.

(Source: Reuters)

Read more at Yahoo Finance: Bitcoin set for first yearly loss since 2022 as macro trends weigh on crypto