Will the Crypto market still have a big market in 2025?

The key points we need to look at are these three time points:
The first is the Fed interest rate decision in March, which is a key factor affecting the global financial markets. If there is a rate hike, it will increase the cost of borrowing, and funds are more likely to flow into traditional low-risk, fixed-income assets. If the rate hike is paused, it will bring positive measures such as rate cuts, thereby driving market liquidity. As one of the investment targets, Bitcoin may attract more funds to flow in, leading to a price rebound.
The second is the full implementation of the EU MICA regulation, which is a regulatory framework developed by the EU for Crypto assets. In the short term, it will definitely not be a good thing for the market after full implementation. The trading and issuance of assets will be subject to stricter regulations. Some projects that do not meet regulatory requirements will be restricted and planned, leading to increased project costs. Investors will have concerns due to the uncertainty of regulation, and trading more cautiously may lead to downward pressure on the price of BTC. However, in the long run, a regulated market environment will help attract more traditional financial institutions and better enhance market stability.
The third one is the effect of the halving cycle of September's big cake starting in April of the halving year. With various favorable factors of Trump's election, the price of the big cake has already broken through the new high of 100,000. From historical data, the halving effect often reaches the market's peak in approximately the 12th to 18th month, so the second half of the year may usher in a new market trend with the effect of the halving cycle.