The crypto market cooled down in recent weeks after a rally that resulted in all-time high prices for Bitcoin and several other cryptocurrencies. However, according to Steno Research, 2025 will see crypto reaching new heights.
In a recent report, Steno Research’s analysts predicted that Bitcoin, the world’s most valuable cryptocurrency, will reach a price of $150,000 per coin at some point this year. Currently, Bitcoin is trading at around $98K, roughly 8% down from its record price of $108,135.
According to Steno Research, the world’s second most valuable cryptocurrency, Ethereum, will perform even better. They have Ethereum exceeding $8,000 per coin in 2025. It is currently trading at around 3.6K after it previously reached $4,721.07 in December.
Steno Research attributes the expected rise of the crypto market to multiple factors coming together, including “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.”
The company also believes that altcoins, a term used to describe cryptocurrencies other than Bitcoin and Ethereum, will also enjoy a favorable climate.
“This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for bitcoin,” Steno Research’s Mads Eberhardt shared in the report.