2025 - The State of Crypto
Submitted by Alt_Cash_2023 on 31 May, 2025 - 23:12A Year of Stabilisation
After the turbulence of 2022 and the partial recovery in 2023–2024, 2025 has so far brought a phase of relative stability to the crypto market. Bitcoin has hovered within a predictable range for much of the year, while Ethereum continues its transition toward a modular ecosystem after the success of its Dencun upgrade. Shame about the price though.
Volatility remains a hallmark of the space as expected but the days of 90% drawdowns on blue-chip tokens seem increasingly distant. Crypto is growing up, and it shows in the data: daily transaction volumes on-chain are higher than ever, stablecoins dominate cross-border payments in developing markets, and TradFi giants are doubling down on tokenization and digital asset infrastructure.
Institutional Embrace Deepens
The entry of Wall Street into crypto is no longer speculative — it’s happening at scale. BlackRock, Fidelity, and other asset managers now manage Bitcoin and Ethereum ETFs with tens of billions in assets under management. JPMorgan and Citi have made private blockchain infrastructure core to their financial offerings.
Far from killing the crypto ethos, this institutional adoption is giving rise to a dual-track ecosystem: on one side, permissioned blockchains and regulated digital assets; on the other, the open-source, permissionless protocols of DeFi, DAOs, and privacy tech — still thriving, but under increasing pressure from regulators.