Bitcoin loses nearly half its value from July 2025 record high, testing investor resolve
By
Mike Winters
Summary
Bitcoin has lost nearly half its value since reaching a record high above $123,000 in July 2025, reviving debate about its role in investment portfolios. The selloff is attributed to broader market risk reassessment rather than fundamental changes in the cryptocurrency itself. Morningstar's Daniel Sotiroff characterizes the decline as typical crypto volatility ("crypto being crypto"), noting that the downturn tests investors who have historically been rewarded for holding through periods of volatility.
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Key quotes
· 3 pulledI think a lot of this is crypto being crypto.
Bitcoin has lost nearly half its value since reaching a record high above $123,000 in July 2025.
Bitcoin's selloff comes amid weakness across a range of assets, as investors reassess risk and where to put their money.
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