The post Steno Research – 2025 could be crypto’s biggest year yet! appeared on BitcoinEthereumNews.com.

Bull run has been driven by favorable macroeconomic conditions, the U.S. presidential election, and growing institutional adoption Report claimed that Bitcoin [BTC] could possibly surge to $150,000, with Ethereum [ETH] hitting $8,000 The market’s momentum has been building since the start of the year. In fact, the total cryptocurrency market capitalization has risen by 4.21% to $3.41 trillion. Trading volumes have also spiked by 18.20%, with total valuations hitting $114.86 billion. Now, Steno Research has identified this as the initial stage of a broader bull cycle. It is anticipating that multiple tokens will hit record highs, with key assets like BTC and ETH entering crucial price discovery phases. Favorable market conditions and the “Trump Effect” According to Steno Research, a supportive economic climate and the upcoming inauguration of Donald Trump as the 47th president of the United States, known for his pro-crypto position, could provide a major boost to the market rally. The “Trump effect” was already evident in November 2024, when Bitcoin [BTC] surged to a new all-time high of $108,000 following his election victory, peaking in December. With discussions around a potential Bitcoin Reserve gaining traction, this could further fuel the anticipated market surge. Steno Research attributed the expected rally to multiple factors, particularly benefiting Bitcoin and Ethereum [ETH]. The report noted,  “An unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate marked by declining interest rates and improved liquidity, and the historically strong post-Bitcoin-halving performance.” Additionally, Steno forecasted U.S.-based Bitcoin and Ethereum exchange-traded funds (ETFs) hitting new milestones, with BTC and ETH ETFs projected to reach $48 billion and $28.5 billion, respectively, in assets under management. The greater familiarity among institutional investors with these assets is expected to drive these inflows. Source: Steno research “With institutional adoption set to reach unprecedented levels, inflows into Bitcoin and…

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Filed under: News - @ January 3, 2025 5:08 am