Vaneck predicts that the cryptocurrency bull market in 2025 will reach a mid-term peak in the Q1 and a new high in the Q4; Bitcoin will reach a maximum of $180,000, Ethereum will exceed $6,000; SOL and Sui will exceed $500 and $10. After the first peak, BTC is expected to experience a 30% retracement, and altcoins will face a sharp drop of up to 60% as the market consolidates in the summer.