Bitcoin created a new ATH of $93,000 in 2024, sparking excitement about the upcoming bull run in 2025.
Cryptocurrency Market Soars Following Donald Trump's Victory
Donald Trump 's victory in the US Presidential election, combined with expectations for a Spot ETF , has brought a strong wave of growth to the cryptocurrency market.
After a rather gloomy 2023, the market is witnessing a clear upturn as we enter late 2024, especially with Bitcoin (BTC) and many altcoins.
Bitcoin Hits New High, Altcoins See Impressive Growth
In November 2024, Bitcoin reached its all-time high (ATH) at $93,000 and is currently hovering above $90,000 . Not only BTC, many altcoins also recorded strong growth and even set new records, bringing great excitement to the market.
However, investors are eagerly waiting to see how this trend will continue in 2025, when the cryptocurrency market is facing many new opportunities and challenges.
Crypto-Friendly Regulations Under Trump
With his victory, Donald Trump pledged to improve the regulatory environment for cryptocurrencies.
He announced the firing of SEC Chairman Gary Gensler and the creation of more transparent regulations to promote the industry.
In addition, Trump is assembling a crypto-friendly team in key positions, promising to shape a regulatory framework that supports rather than restricts the industry.
Investors expect these changes to begin in 2025, when he officially takes office.
Countries Pushing for Bitcoin Adoption
Two pioneering countries, El Salvador and Bhutan , are attracting attention with their aggressive investment strategies in Bitcoin.
Bhutan now holds over $1 billion in BTC, representing nearly a third of the country’s GDP , while El Salvador has accumulated over 6,000 BTC since 2021.
The success of these countries could inspire others, including the United States.
US leaders have discussed creating a strategic Bitcoin reserve, with the goal of purchasing 1 million BTC in the coming years.
Bull Run Forecast 2025
The Bitcoin halving event in April 2024 is setting the stage for a major bull run in 2025.
Experts predict the market will peak in early or mid-2025, with a market capitalization exceeding $4 trillion .
Along with that, the development of Bitcoin and Ethereum Spot ETFs , as well as new altcoin projects, will play an important role in boosting capital flows and investor confidence.
Conclude
With friendly policies from the Trump administration, increasing global adoption, and growing demand for cryptocurrencies, the crypto market is on a strong growth path. However, investors need to prepare for short-term fluctuations, as the market always has the potential for unforeseen risks.