Why 2025 was crypto’s year of wins, yet its least satisfying victory — TradingView News
By most conventional measures, 2025 should have been remembered as crypto’s breakthrough year.
Regulation finally arrived in force. Institutional capital flowed through regulated channels. Bitcoin printed a new high.
Stablecoins crossed multi-trillion-dollar volumes. On-chain markets expanded beyond native tokens into equities and commodities.
And yet, as the year closes, the dominant mood is not triumph but unease.
Crypto ended 2025 having accumulated more “wins” than at any point in its history, and still failed to produce a convincing sense of victory.
Prices drifted lower after October, rallies faded quickly, and positive developments, including rate cuts and policy clarity, were largely ignored.
What emerged instead was a…
