Analysts attribute this trend to the tightening of the monetary policy of the US Federal Reserve, which was revised in December last year. This policy has had a significant impact on the economic environment, creating conditions for a more cautious approach by investors to cryptocurrencies.
An additional factor supporting consolidation is the low activity in converting fiat currencies into stablecoins. According to experts, this indicates a weakening demand for crypto assets. Even despite the end of the holiday season, which is usually accompanied by an increase in the emission of stablecoins, the market has not yet shown a significant recovery.
Analysts emphasize the importance of the issuance of stablecoins as a key indicator of demand for cryptocurrencies. Traditionally, the growth of the emission of these assets signals an increase in interest from investors. However, the current situation remains stable, and further consolidation is expected in the near future.
Nevertheless, analysts do not rule out the possibility of Bitcoin moving from the consolidation phase to a bullish trend if the recorded growth in the market continues for several months. BTC's success in overcoming the $100,000 mark and consolidating at this level may become a catalyst for setting a new historical maximum.
Thus, although 2025 began with moderate growth, further development of the cryptocurrency market will largely depend on macroeconomic factors and the dynamics of stablecoins.