Bitcoin‘s (BTC) recent drop to 14-month lows has left the cryptocurrency on track for its biggest ever yearly loss.

The cryptocurrency was changing hands at $6,300 three weeks ago, representing a 54 percent year-to-date drop, according to CoinDesk’s Bitcoin Price Index (BPI).

The dominant market narrative back then was that BTC would trim losses in the last few weeks of 2018, having bottomed out around $6,000 in five months to October.

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