Burned Bitcoin Investors Enter New Year with Less Swagger

2025 was so not bitcoin’s year. The No. 1 cryptocurrency by market cap never recovered from a flash crash in the fall, wiping out more than $1 trillion from the wider crypto sector’s market value. Bitcoin was worth less than $88,000 on Dec. 31, a drop of more than 30% from its 2025 high above $126,000 in October. The coin closed out 2025 with an annual decline for the fourth time in its history. The other three times coincided with major events, like FTX’s collapse in 2022. This time, the fall has left s ...