By the end of 2025, it became clear that Donald Trump’s crypto-friendly stance was not enough to sustain the market’s growth. The year ended with a $1 trillion loss in the digital asset market, despite Bitcoin hitting a record high of $126,000 on October 6.
Bitcoin’s value plummeted after Trump announced 100% tariffs on China on October 12. The market liquidated $19 billion, the largest ever in 24 hours. Ethereum lost 40% of its value over the next month, and Eric Trump’s crypto company lost about $1 billion, or 40%, of its value in early December.
The Trump administration introduced favorable regulations, lifted restrictions, and created a presidential task force on digital assets. In March, a strategic cryptocurrency reserve was announced, which increased the price of some currencies by as much as 62%.
However, experts note that the market is sensitive to macroeconomic factors: tariffs and tight monetary policy have a greater impact than political support. In November, Bitcoin recorded its most significant drop since 2021, falling to $81,000, and suffered further losses in December.
