In 2025, the cryptocurrency market experienced an inflection point driven by regulatory developments and institutional interest. Following former President Trump's public endorsement, US lawmakers debated key crypto bills, leading to Bitcoin reaching record highs. Approvals for ETFs of various cryptocurrencies, including spot Bitcoin ETFs with significant inflows, boosted confidence. However, a market correction occurred in October as long-term holders liquidated assets, signaling a shift from traditional boom-and-bust cycles as equity investors diversified into crypto.