Cryptocurrency investors started the year in a festive mood, with prices reach record levels.
Now, those same investors have little to celebrate as 2025 draws to a close, Bloomberg News reported Saturday (December 20). The price of bitcoin, the most popular form of cryptocurrency, is down 10% since the same time last year, with billions wiped out in the aftermath. about $1 trillion has been erased from the total market value of all coins.
Among the investors feeling pain at the end of the year is Joaquín Morales, a 21-year-old student from Madrid, Spain. As the price of bitcoin fell, he bought more, counting on an eventual recovery. However, the price continued to fall.
“I caught the falling knife about five times,” Morales said, using a word to describe the year in crypto: traicionero, or “traitor.”
Steve Sosnick, chief strategist at Interactive Brokers, told Bloomberg that “momentum-loving investors” have been attracted to cryptocurrencies by change attitudes to digital assets in Washington, coupled with a range of stock market methods to gain exposure.
“The crypto flash crash of October 10 was a very unpleasant wake-up call,” he said.
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The report notes that the slowdown is causing traders to rethink their strategies as the new year approaches. Some remember 2022, when the implosion of the FTX stock market marked the start of a “crypto winter.
In other crypto news, PYMNTS wrote last week about the evolution of stablecoins in 2025, a year in which the economy around these tokens has become “more and more real, more and more regulated and more and more institutional”.
According to this report, a disruption has occurred, but it may not be easily seen by retail investors. This reality has been illustrated by a series of recent developments in the sector, such as The SoFi launch a corporate stablecoin, and Coinbase debut of a white label stablecoin issuance product designed for businesses and banks.
Meanwhile, the Federal Deposit Insurance Corporation. (FDIC) previously initiated new rules regarding the implementation of the GENIUS Lawsign of a new stage of regulatory clarity. And Paypal deployment of stablecoin financial tools created for AI-native businesseswhile Visa expanded its stablecoin settlement capabilities in the United States
“Overlooking all this, JPMorgan “The banking giant, for its part, probably prefers tokenized deposits to stable coins.
