ISTANBUL The re-election of US President Donald Trump in late 2024 and his return to office in early 2025 initially fueled optimism in crypto markets, but major cryptocurrencies such as Bitcoin and Ethereum ended 2025 with losses. Trump completed his first year back at the White House after campaigning on an “America First” mindset, pledging to revive the US economy, boost employment and lower living costs through tariffs and tax reforms. Cryptocurrencies were among the asset classes expected

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