The cryptocurrency market is in the later stages of its current bull cycle, with expectations for further gains before a potential correction. According to CryptoQuant, this bull market, which started in January 2023, is projected to peak by early to mid-2025. A significant increase in the percentage of Bitcoin traded for less than one month, which hit 36% in Q4 2024, mirrors patterns observed during previous market tops. This ratio might rise further, possibly leading to substantial gains in both Bitcoin and altcoins before transitioning into a bear cycle. Despite the cautious outlook from CryptoQuant, other analysts are more optimistic, predicting that Bitcoin and Ether will reach new all-time highs in 2025, with estimates of Bitcoin hitting around $180,000 and Ethereum surpassing $6,000. Market expectations also include the U.S. approving new crypto exchange-traded funds, enhancing the growth potential of the market.

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