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Does the cryptocurrency market bull run extend to 2025? Here’s what to expect
Here’s the twist that no one could have predicted.
In a recent update, crypto analyst Miles Deutscher shared his latest insights on the cryptocurrency market cycle. The market was initially expected to peak in the fourth quarter of 2024, but recent trends suggest a delay, now expected in early to mid-2025.
Don’t hit the panic button just yet, though. This move to early-mid 2025 could be a golden opportunity. Read on to understand why this delay is a game changer for your crypto strategy!
Changes in market dynamics
A few months ago, the cryptocurrency market had embarked on a rapid upward trajectory, with prices rising rapidly. The market was expected to reach its peak in the fourth quarter of 2024. However, according to Deutscher’s analysis, recent price fluctuations have changed this forecast.
Current market trends
As of June 26, 2024, the total cryptocurrency market capitalization stands at $2.222 trillion. It stood at approximately $2.465 trillion at the beginning of June, peaking at $2.572 trillion on June 5. Since then, the market has shown a steady weakening trend. As of early 2024, the total market capitalization was approximately $1.668 trillion, reaching its annual peak of $2.678 trillion on March 13.
The total cryptocurrency market capitalization, excluding Bitcoin, is currently $1.01 trillion. It stood at $1.131 trillion at the beginning of June 2024, with a monthly peak of $1.171 trillion on June 5. Similar to the overall market, it has weakened since then. It stood at $800.685 billion earlier this year, peaking at $1.241 trillion on March 13.
Both market charts revealed strong upward momentum between late January and mid-March, followed by a bounded trend. In the graph of the total cryptocurrency market capitalization, it fluctuates between $2.618 trillion and $2.126 trillion. In the total cryptocurrency market capitalization, excluding the Bitcoin chart, it remained between $1.214 trillion and $972.32 billion.
How investors can plan
With the market expected to peak in early 2025, cryptocurrency investors have an extended period to perfect their investment strategies. This additional time allows them to position themselves advantageously for the peak of the next cycle, potentially maximizing their returns.
The cryptocurrency market is constantly evolving. Do you think early 2025 is a realistic time frame for peak?