Crypto soared in 2025 — and then crashed. Now what?

A bitcoin logo is displayed at a conference in Hong Kong on Aug. 28, 2025. Bitcoin and other cryptocurrencies soared this year — until crashing in October.

For most of 2025, cryptocurrencies such as bitcoin surged as President Trump vowed to make the U.S. a crypto leader. But now, a severe sell-off has shaken the sector.

(Image credit: Vernon Yuen)