The cryptocurrency market is迎来了一个里程碑式的时刻。Since the beginning of 2025, the total market capitalization of stablecoins has surpassed 200 billion US dollars, and this astonishing figure signifies the vigorous development of the cryptocurrency ecosystem.

Analysts point out that if the Federal Reserve shifts to an accommodative policy, the expansion of the money supply (M2) will provide further impetus for the issuance of stablecoins. This internal momentum could become an important catalyst for the sustained growth of the encryption market.

At the same time, the ETF (exchange-traded fund) market has shown remarkable performance. The single-day net inflow has reached a historic high of $370 million, demonstrating the growing confidence of investors in encryption assets. However, industry experts emphasize that a true market turning point may still require the entry of larger-scale institutional funds. They predict that once interest rates begin to decline, large institutional investors such as pension funds and sovereign wealth funds may significantly increase their allocation to encryption assets.

Looking ahead, market observers are focusing on the policy direction of the Federal Reserve. It is widely believed that September 2025 could be a key point for the Federal Reserve to initiate a continuous rate-cutting cycle. Considering the traditional market reactions following the cryptocurrency halving cycles, many analysts believe that the period from September 2025 to March 2026 is very likely to become the golden period for the next cryptocurrency bull market.

As the global financial landscape continues to evolve, the cryptocurrency market is gradually becoming an important area that investors cannot ignore. Whether individual investors or institutional investors, it is essential to closely monitor this rapidly developing emerging market in order to seize potential investment opportunities.