Bitcoin’s 2025 review: The “violent transformation” hidden behind the year’s deceptively flat price chart
Cryptoslate 25 Dec 2025
2025 delivered a brutal lesson in market structure for Bitcoin. The year began with political momentum and drifted into a summer of aggressive policy signals. Yet, it snapped into one of the sharpest boom-to-bust sequences in the asset’s history. By December, the price had round-tripped, leaving the asset flat for the year. But the flat chart masked a violent transformation underneath ... Bitcoin Reserve race ... Bitcoin Treasuries) ... Past ghosts.