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Coin Edition 2024-12-28 10:30:00

Stablecoins and ETFs to be Key Drivers for Crypto in 2025: Report

Citi Research has predicted that crypto ETFs will drive a market rally next year. Stablecoin adoption beyond payments could also push the market higher. In 2024, BTC and ETH ETFs resulted in total crypto market valuation soaring 90%. The adoption of cryptocurrencies in 2025 is expected to be largely driven by stablecoins and digital asset exchange-traded funds (ETFs), as reported by Citi Research, the research arm of leading financial institution Citi. Following Bitcoin’s milestone hit of $108K earlier this month, the firm expects better performance in the upcoming year. In its analysis, Citi Research noted that 2024 has been an exciting year for cryptocurrencies as the total market cap of digital assets surged by 90%, reaching a peak of $3.73 trillion. Further, the firm noted that the exponential growth was also due to the inflows from spot Bitcoin and Ethereum ETFs, which were approved earlier this year by the United States Securities and Exchange Commission (SEC). As seen in the chart above, the total crypto market cap’s weekly chart suggests that, in the long run, the market would remain bullish with the Relative Strength Index (RSI) reading … The post Stablecoins and ETFs to be Key Drivers for Crypto in 2025: Report appeared first on Coin Edition .

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