VanEck has predicted that the current cryptocurrency bull market will peak in the first quarter of 2025, followed by a rally to record highs by the end of that year. According to the article published by Matthew Sigel, head of digital asset research at the asset manager, on Dec. 13, in the midst of this peak, Bitcoin is expected to be valued at approximately $180,000, while Ethereum is expected to trade above $6,000. VanEck forecasts a 30% pullback in Bitcoin and steeper declines of up to 60% in altcoins as the market consolidates over the summer before reaching these highs. To determine whether the market has reached a local high, VanEck will look for sustained funding rates above 10% on the BTC perpetual futures exchanges, which could indicate excessive speculation.
