
Steno Research stated in a research note that 2025 will be the best year ever for the cryptocurrency market, with Bitcoin (BTC) and Ether (ETH) both reaching all-time highs, along with other potential notable positive developments.
Steno Research predicts the spot prices of BTC and ETH will exceed $150,000 and $8,000, respectively. Analysts are increasingly optimistic about the upcoming altcoin season, according to recent research.
The report states that the forecast price increases for BTC and ETH reflect an unprecedented favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment marked by lower interest rates and improved liquidity, as well as strong historical performance following Bitcoin halving events.
Additionally, institutional adoption is expected to reach unprecedented levels, further driven by capital inflows into U.S.-based Bitcoin and Ethereum ETFs. Steno expects BTC and ETH exchange-traded funds (ETFs) to see net inflows of $48 billion and $28.5 billion, respectively.
Ether is predicted to perform particularly well, significantly outperforming Bitcoin in the coming period. Steno expects the ETH/BTC ratio to reach at least 0.06, representing a substantial increase compared to previous levels. This ratio measures the price of Ethereum relative to Bitcoin and serves as an important indicator of market dynamics between these two leading cryptocurrencies.
According to the report, this price movement will open a broader alternative cryptocurrency season—also known as the "altcoin season"—with Bitcoin's market dominance decreasing from around 57% to approximately 45%. Bitcoin's dominance measures the percentage of BTC relative to the total cryptocurrency market capitalization, serving as a key metric for understanding the distribution of value across the digital asset ecosystem.
Steno's prediction is partly based on the argument that recent political developments are more favorable for alternative cryptocurrencies than for Bitcoin alone. The report suggests that this environment encourages stronger on-chain activity, significantly benefiting altcoins such as Ethereum and those built on other blockchain platforms.
According to the analysis, the total value locked (TVL) in decentralized applications is expected to exceed $300 billion, far surpassing historical peaks. TVL represents the total cryptocurrency assets deposited in decentralized finance protocols and serves as a crucial indicator of the health and growth of the decentralized finance ecosystem.
Other major financial institutions share similar optimism. Leading asset management firms have added several decentralized finance (DeFi) applications to their lists of tokens to monitor, citing the warming policy environment as a key factor.
Industry leaders have promised to appoint industry-friendly leaders to key regulatory agencies and work toward establishing favorable conditions for cryptocurrency innovation and development. This policy shift represents a significant change from previous regulatory approaches and is expected to have substantial implications for the entire digital asset sector.
Web3 industry executives have expressed strong optimism about this development, suggesting that the regulatory environment shift will position the market for substantial growth and institutional participation. The combination of favorable policy conditions, institutional adoption, and macroeconomic factors creates a compelling narrative for market expansion in the coming period.
2025 é reconhecido como o melhor ano para criptomoedas devido à integração do Bitcoin nas finanças tradicionais,desenvolvimento acelerado de DeFi e aplicações AI-cripto,além de avanços significativos em conformidade regulatória e inovação tecnológica no setor.
Em 2025,o mercado de criptomoedas apresenta oportunidades significativas:Bitcoin consolidando-se como ativo de reserva,emergência de narrativas em IA,DePIN e RWA。Estes setores demonstram potencial de crescimento robusto e expansão acelerada de volume de transações.
As previsões de preço do Bitcoin em 2025 variaram amplamente, de 100 mil a 250 mil dólares. A maioria dos analistas previu flutuações entre 100 mil e 125 mil dólares,refletindo grande incerteza do mercado.
Em 2025,a regulação de criptomoedas priorizou responsabilidade com regras claras para stablecoins e conformidade institucional。Ocorreu coordenação global reduzindo disparidades regulatórias,transformando o setor de experimental para infraestrutura financeira madura e confiável。
XYZVerse,Humanity Protocol,Pudgy Penguins,Arbitrum e NEAR Protocol são projetos promissores。Cobrem AI,jogos e expansão Layer 2。Investidores iniciais podem obter retornos significativos em 2025。
2025年主要風險包括監管合規趨嚴、透明度挑戰、跨境法規變動。SEC強化代幣發行規則,全球KYC/AML要求複雜化,各地監管差異顯著。平台需建立完善合規基礎設施應對多重監管要求。
Bitcoin e Ethereum devem experimentar crescimento significativo em 2025。Ethereum pode flutuar entre 3.500 e 4.000 dólares,com potencial para romper 8.500 dólares。A adoção institucional e inovações tecnológicas impulsionarão o mercado.
会的。2025年加密货币实现大规模应用,稳定币成为杀手级应用。市场交易额大幅增长,加密货币正式进入主流,应用场景不断扩展。











