In a report published by the American investment management company VanEck, it is believed that the cryptocurrency bull market will continue to develop in 2025, reaching its first peak in the first quarter. VanEck predicts that during this cycle's peak, the price of BTC will be around $180,000, while the price of Ethereum (ETH) will exceed $6,000. After this peak, it is expected that the price of BTC will correct by 30%, while altcoins may experience a larger decline of up to 60%. The market will consolidate in the summer, with a rebound expected in the autumn, as major tokens regain momentum and return to their previous historical highs before the end of the year.