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Bitcoin edged up on Wednesday but is set to close the year in negative territory. Heavy losses in the fourth quarter due to low liquidity and declining risk appetite have negatively impacted the cryptocurrency market. The world's largest cryptocurrency was trading at $88,388.6, up 0.6%, at 11:32 Turkey time. Bitcoin is preparing to record a decline of over 5% for the year. Losses in the fourth quarter alone exceeded 22%. It reached a record high of over $126,000 in October. The sharp decline at the end of the year reversed earlier gains. As investors move away from risky assets, Bitcoin is struggling to maintain key support levels.