Following President Trump’s election victory on November 5, Bitcoin surged from $70,000 to a high of $109,356 on his inauguration day on January 20, 2025.
The surge was fueled by several pro-crypto moves by Donald Trump, such as replacing Securities and Exchange Commission (SEC) Chairman Gary Gensler with crypto advocate Paul Aitkins.
Trump also announced his plans to consolidate Bitcoin stocks in the United States by appointing Silicon Valley venture capitalist David Sacks as his administration’s first crypto czar.
He also revealed in September that his family was involved in the launch of World Liberty Financial, a crypto venture that they financially benefited from.
However, the bullish cycle will not last for long.
There are several major factors that provide the most important restrictions for the crypto giant in early 2025.
Among them is Donald Trump's tariff threat that triggers geopolitical and trade uncertainties and undermines investor confidence.
In addition, the emergence of the Chinese AI chatbot application DeepSeek in late January that will threaten the position of technology companies in the United States.
Most recently, the news regarding the hacking scandal of the crypto platform Bybit with a reported theft of $ 1.5 billion, the highest record in the history of the industry. Bybit CEO assured its users that the exchange has obtained a loan to cover losses until the assets are successfully recovered.
However, the crypto ecosystem that relies solely on investor confidence remains a challenge at all times, especially for the crypto king in 2025.
