- Bull run has been driven by favorable macroeconomic conditions, the U.S. presidential election, and growing institutional adoption
- Report claimed that Bitcoin [BTC] could possibly surge to $150,000, with Ethereum [ETH] hitting $8,000
The market’s momentum has been building since the start of the year. In fact, the total cryptocurrency market capitalization has risen by 4.21% to $3.41 trillion. Trading volumes have also spiked by 18.20%, with total valuations hitting $114.86 billion.
Now, Steno Research has identified this as the initial stage of a broader bull cycle. It is anticipating that multiple tokens will hit record highs, with key assets like BTC and ETH entering crucial price discovery phases.
Favorable market conditions and the “Trump Effect”
According to Steno Research, a supportive economic climate and the upcoming inauguration of Donald Trump as the 47th president of the United States, known for his pro-crypto position, could provide a major boost to the market rally.
The “Trump effect” was already evident in November 2024, when Bitcoin [BTC] surged to a new all-time high of $108,000 following his election victory, peaking in December. With discussions around a potential Bit…

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