Since 2025, the crypto market has gone bullish, with the world’s leading crypto asset, bitcoin (BTC), jumping by almost 60% from $79,000 to $126,000. Other altcoins have also made massive waves, pushing the entire market capitalization above the $4 trillion mark a few weeks ago, signaling increased investor interest in the global digital asset market.
Unexpectedly, the cryptocurrency market took a sharp turn on October 10, dropping by over 15%, from around $121,000 to a low of around $102,000 in one day. This price decline was triggered by the U.S. President, Donald Trump, who imposed a 100% tariff on one of the world’s leading commercial centers, China.
Notably, while the crypto community, including investors, expects a price rebound and leverage traders have opened long positions, the market has continued on its downtrend with BTC testing the $104,000 mark on October 17. The market plunge has raised doubts about whether the 2025 bull run has come to an end. Still, here are three reasons why the crypto market bull run may not yet be over.
Three Reasons Why the Bull Run May Not Be Over Yet
- Forthcoming U.S. Consumer Price Index (CPI) Report
The United States is known for releasing its CPI every month; thus, the market still looks forward to three reports before the year runs out. These have been scheduled for October 24, November 13, and December 10.
In most cases, this metric, which measures the U.S. inflation, has positive effects on the crypto market. For instance, the report released in August 2025 triggered a massive uptrend, pushing BTC from $118,400 to $124,470 within three days. The forthcoming CPI reports of the year are also expected to play out the same outcomes for the crypto market.
- Massive Gold Pump
While BTC has been on a downtrend, its traditional rival, Gold (XAU), has been on a massive uptrend, constantly soaring to new highs as many investors who sold their crypto holdings switched attention to XAU. At the time of writing, it trades at $4,330 after hitting a new all-time high of $4,380 a few hours ago.
Considering previous market events, in most cases, when investors scoop up gold to new highs, a massive downtrend is always in sight, as these maximalists would sell at high prices to secure profits. Thereafter, many of these investors push these funds into the crypto market, leading to an uptrend in the digital asset sector.
- Increasing Institutional Demand
It is no surprise that institutional crypto holders have played key roles in boosting BTC’s price. While the crypto market has been on the downside for a long period, institutional investors have not sold off their positions out of fear. Instead, many saw the dip as a buy opportunity and filled their bags with large units of BTC, ETH, and other high-potential cryptocurrencies.
Investors like the popular BTC miner, MARA Holdings, which has not bought any bitcoin from the open market in a long while, recently spent $46.31 million to purchase 400 BTC. Other firms followed in the same footsteps as well. Institutions hold 1.05 million bitcoins and are displaying no sign of dwindling confidence.
Another possible factor that may send the market skyrocketing is a recent response President Trump sent to China. When asked whether the 100% tariff he imposed would take effect starting November 1, he replied, “No.” Recall that the tariff was the major reason behind the massive downtrend. Hence, if the U.S. does not implement it, many investors who left the crypto market out of fear may find their way back.
Moreover, many veteran traders and market experts still hold on to predictions of BTC hitting the $200,000 mark before the year runs out.
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