The cryptocurrency market in 2025 did not meet expectations despite favorable fundamentals, experiencing significant volatility throughout the year. Bitcoin and other major assets faced steep declines in the first quarter, followed by a mid-year recovery. However, pro-crypto policies, increased ETF inflows, and institutional buying were insufficient to maintain long-term gains. Analysts, including Ran Neuner, have highlighted structural issues such as trapped liquidity as contributing factors to the market's underperformance. Despite real-world adoption and infrastructure growth, the market closed the year with lingering uncertainty, and altcoins continued to face pressure.