Bitcoins Annual Loss: A Tale of Cryptos Ups and DownsBitcoin, the worlds largest cryptocurrency, is experiencing its first annual loss since 2022, despite reaching a record high earlier this year. The crypto market has seen a significant drop, with bitcoin trading around $87,500 after a monthly fall of over six percent. This decline follows a surge in bitcoins value after the election of crypto-friendly President Donald Trump, which saw it peak above $126,000 in early October. However, Trumps tariff announcements triggered sharp drops, including a massive plunge on October 10th that wiped out $19 billion in leveraged positions, the biggest liquidation ever in crypto.Bitcoins performance now closely mirrors the stock market, with major indexes also experiencing a bumpy year due to tariff fears, interest rates, and worries about an AI bubble. Analysts note that bitcoin is acting like a true risk asset, tied to global stocks as everyday investors and big institutions pile in.Despite the crypto worlds celebration of big wins in Washington under Trump, such as the SEC dropping old lawsuits against giants like Coinbase and Binance, and the passage of rules for dollar-pegged stablecoins, key reforms on market rules and SEC carve-outs remain unfinished, dampening the mood. Crypto donors gave over $245 million to back Trump and others last election cycle, with Trumps pledges and family ventures thrusting crypto deeper into the mainstream. Checkout Solipillow.com

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