The cryptocurrency market in 2025 is witnessing pivotal changes, with Bitcoin nearing its all-time high of $112,000, driven by strategic moves from the U.S. government and institutional interest. President Donald Trump has established a strategic Bitcoin reserve, and the Senate has passed the GENIUS Act, with the CLARITY Act in progress. Spot Bitcoin ETFs have seen $14.4 billion in net inflows, contributing to a 15% year-to-date rise in Bitcoin's value. Ethereum's Pectra upgrade in May has strengthened market confidence, and the upcoming Fusaka upgrade aims to reduce costs for Layer 2s and validators. Analysts predict Ethereum could reach $6,000 by year-end. Meanwhile, the altcoin market is consolidating, with over 1,400 tokens disappearing, indicating a maturing market. Over 135 public companies now hold Bitcoin as a reserve asset, reflecting its growing role in mainstream treasury strategies.