Bitcoin Heads for Its Worst Year Since 2018 amid Market Fatigue
Bitcoin has declined more than 22% in the fourth quarter of 2025, positioning this year as one of its weakest year-end periods outside of major bear markets, according to CoinGlass data.
Trading near $88,000 in Asian morning sessions, Bitcoin is approaching the upper end of its current range, with a move toward $90,000 providing only a short-term lift.
The total cryptocurrency market capitalization remains above $3 trillion; however, the recent rebound is seen as a sign of exhaustion rather than renewed investor conviction.
Bitcoin currently trades about 30% below its 2025 peak and is vulnerable to sharp reversals, particularly during U.S. trading hours.
Among major tokens, XRP, ETH, SOL, ADA, and DOGE saw increases of up to 2%, while Aave fell approximately 7% amid governance disputes.
An analyst from FxPro noted that the market strength is primarily technical, rooted in a low base level, with only modest improvements in sentiment. The fear/greed index stands at 25.
The market remains range-bound, with gains during Asian and European sessions often fading as North American markets open.
Historically, the fourth quarter has produced a mix of rallies and drawdowns. This year’s weakness aligns with tightening liquidity and ongoing macroeconomic uncertainties.
