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总结
多家媒体报道，2025年加密货币曾在乐观情绪推动下大幅上涨，但随后出现明显回撤，年底行情尤弱。报道提到比特币、以太坊在12月出现约22%的下跌，比特币在与“特朗普相关乐观预期”相伴的言论后也一度回落约32%，部分此前涨幅被抹去。市场讨论焦点转向：在未能持续跑赢股市、也难以与贵金属表现相比的背景下，加密资产是否正在成为本轮牛市的“局外人”，以及后续监管、资金风险偏好与宏观环境将如何影响价格与投资者信心。
正文
Crypto soared in 2025 - and then crashed. Now what? NPR Cryptocurrency slump erases 2025 financial gains and Trump-inspired optimism The Guardian BTC, ETH price analysis: Bitcoin, ether drop 22% in one of their weakest Decembers CoinDesk Unable to outperform the stock market or surpass precious metals, has Crypto truly become an "outsider" in the bull market? 富途牛牛 Bitcoin Drops 32% After Eric Trump's Optimistic Crypto Forecast Coinfomania
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