Bitcoin has risen nearly 32% so far in 2025 on the back of long-sought regulatory wins for the sector following President Donald Trump's return to the White House. Trump has called himself the "crypto president" and his family has made a series of forays into the sector over the past year.

The Trump administration’s looser regulatory stance and the wider adoption by institutional investors, including the approval of crypto ETFs, have been a boon to bitcoin and other cryptocurrencies.