Crypto Market May Continue To Grow In 2025 If BTC Holds This Support: Report
The post Crypto Market May Continue To Grow In 2025 If BTC Holds This Support: Report appeared on BitcoinEthereumNews.com.
The crypto market has experienced a threefold surge in global market capitalization over the past two years, driven by heightened investor interest and adoption. Analysts anticipate this momentum to continue in 2025, with growing institutional adoption of Bitcoin fueling the market’s rapid growth. Nevertheless, Bitcoin’s price fluctuations continue to play a pivotal role in shaping the broader crypto market, ultimately determining the industry’s future trajectory. Reportedly, the crypto market’s continued growth is expected to hinge on BTC trends, with a key focus on whether it can sustain its current support level. Crypto Market to View Continued Growth in 2025 Despite a recent marginal drop of 1.13% in the market cap, the crypto space’s overall sentiment remains positive in 2025. The market has grown from a mere $1 trillion in 2023 to over $3.3 trillion in 2025. The market’s trading volume has also witnessed a massive surge, increasing from $40 billion to a whopping $400 billion. As reported by crypto financial services platform Matrixport, via an X post, this large-scale growth is primarily driven by the increasing adoption of Bitcoin. In addition, the BTC bull market has also largely influenced the crypto market growth. Bitcoin trading above its crucial support level could prevent panic selling, instead attracting more buyers and further fueling the market’s upward momentum. This, in turn, could help maintain investor confidence, supporting the ongoing market rally. Will Bitcoin Sustain the Crucial Support Zone? As highlighted by Matrixport, Bitcoin’s $90K support zone is crucial in maintaining the current bullish momentum in the crypto market. If Bitcoin holds this $90,000 support, investors will remain in profit, limiting the possibilities of a bearish dip. Notably, the support level pointed out by key analysts lies around $90k. As per Man of Bitcoin, the cryptocurrency’s support is at $93,637. Similarly, ZAYKCharts has pinpointed…
Filed under: News - @ February 17, 2025 10:27 am