Trump’s Return Delivered Everything for Crypto— Except the Bull Run

When Donald Trump returned to the White House, much of the crypto market expected a familiar script. Pro-crypto rhetoric, friendlier regulation, institutional inflows, and renewed risk appetite were all supposed to combine into a defining bull market. Instead, as 2025 draws to a close, the crypto market is ending the year markedly lower, sitting at just 20% of its peak from the Biden era. Even with Trump, Crypto Market Is Still Just 20% of Biden-Era Levels That contradiction is at the heart of a growing debate over whether crypto is stuck in a difficult phase, or whether something more fundamental has broken source: https://beincrypto.com/trumps-return-crypto-2025-below-biden-era-highs/