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

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.

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.

Vernon Yuen/AFP via Getty Images


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Vernon Yuen/AFP via Getty Images

This was supposed to be crypto’s year.

President Trump got elected vowing to make the U.S. “the crypto capital of the world” — and by many measures, he delivered.

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