The cryptocurrency market experienced a significant downturn in 2025, losing $500 billion in value following the launch of a token by the Trump family. This decline was exacerbated by President Trump's re-election and subsequent pardoning of individuals linked to cryptocurrency activities. Bitcoin saw a 12% drop, while the newly launched TRUMP token plummeted 93% from its peak. The market continues to face challenges amid evolving political and regulatory landscapes, contributing to ongoing volatility.