Template-Type: ReDIF-Article 1.0 Author-Name: Andrey Zubarev Author-Name-First: Andrey Author-Name-Last: Zubarev Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Gleb Shcherbakov Author-Name-First: Gleb Author-Name-Last: Shcherbakov Author-Workplace-Name: Gaidar Institute for Economic Policy Title: The cryptocurrency market in autumn 2025 Abstract: The cryptocurrency market capitalization hit new highs in October 2025, as did a number of leading cryptocurrencies (including Bitcoin), after which market indicators fell back to their levels at the beginning of the year. The decline in the second half of autumn is largely due to the macroeconomic background and political factors. Despite this, the digital asset market continues to institutionalize, as evidenced by both the demand for certain cryptocurrency exchange-traded funds and the successful launch of new products based on altcoins. Classification-JEL: G18, G23, K24, L86, O16, Q54 Keywords: Cryptocurrency market Year: 2025 Issue: 30 Month: December Pages: 5 File-URL: https://www.iep.ru/files/RePEc/gai/monreo/monreo-2025-30-1476.pdf File-Format: application/pdf File-Function: Revised Version, 2025 Handle: RePEc:gai:monreo:monreo-2025-30-1476