Text formatting not visible in editing mode but is in reading mode

What I’m trying to do

I’d like help in understanding why my text formatting (i.e. selecting text, applying bold and a heading size) isn’t visible in the editing mode, but it is reflected when I click the reading mode?

Things I have tried

I have searched for existing forum posts and can’t see a solution, so keen to understand what is causing this.

Can you share a screenshot and some example text, in a code block, where you see the issue? It might be easier for folks to spot something with an example.