#2025加密趋势预测 025 The crypto bull market will show periodic fluctuations. The first quarter reached a mid-term high, with Bitcoin prices expected to reach about $180,000, Ethereum breaking through $6,000, and other well-known projects also ushering in price increases. The market will then experience a correction, with consolidation in the summer, but it is expected to recover in the fall and break through the historical high again before the end of the year. Investors can judge the timing of the market approaching the top by paying attention to key signals such as continued high funding rates, excessive unrealized profits, overvaluation of market capitalization relative to realized value, declining Bitcoin dominance, and mainstream speculation, so as to reasonably adjust their investment strategies.

The United States embraces Bitcoin: Policy and market resonance

Changes in the US political landscape have brought new opportunities to the cryptocurrency market. After Trump was elected, he appointed several leaders who support cryptocurrencies, heralding the end of anti-crypto policies and the opening of a policy framework for the strategic reserve of Bitcoin. The new SEC leadership may approve multiple new spot crypto ETPs, Ethereum ETP function expansion, and the repeal of SEC rule SAB 121 will promote banks and brokers to custody spot cryptocurrencies.

The federal government or state governments may establish Bitcoin reserves, Bitcoin mining activities will flourish in the United States, the global mining computing power will increase, and the United States' leadership in the global Bitcoin economy will be consolidated. Corporate Bitcoin holdings are expected to grow by 43%, and more companies will accumulate Bitcoin from retail investors. These trends will bring new investment opportunities to investors, but they also need to pay attention to the impact of policy changes on the market.

Tokenized securities and stablecoins: financial innovation and change