The world's largest cryptocurrency, Bitcoin, experienced a series of new highs and sharp sell-offs in 2025. After such rollercoaster movements, it may face its first annual decline since 2022.

According to Reuters, major global stock indices have also been volatile this year, reaching new highs only to retreat amid concerns over tariffs, interest rates, and a potential AI bubble. Although the overall stock market has mostly maintained an upward trend since the beginning of the year, the correlation between Bitcoin and stock prices has also noticeably strengthened this year.