Bitcoin reaches a new historical milestone in 2025, but market expectations exceed reality

Medellín, August 29, 2025 — Bitcoin (BTC), the most representative cryptocurrency of the digital market, has reached a value exceeding 120,000 dollars this year, marking a historical record that doubles its previous high recorded in 2021, when it reached 64,800 dollars.

However, the market behavior has left a bittersweet feeling. Despite the new milestone representing an unprecedented achievement in the history of digital assets, much of the community expected the Bitcoin rally to drive prices even higher, consolidating a prolonged growth trend.

Industry experts warn that this rise may be showing signs of exhaustion. Some analysts compare the phenomenon to “a rocket losing fuel mid-flight,” given that the indicators of volume and adoption do not show the same pace of expansion as in previous cycles.

The outlook is even more complex for altcoins. Traditionally, these alternative coins tend to benefit from the euphoria generated by Bitcoin in what the sector calls “alt season.” However, this time, the results are far from expectations: many altcoins remain at levels similar to those reached in the bear season, while others have even lost value, creating the perception that this supposed “alt season” is more of a “low season.”

Despite this, specialists point out that the maturity of the crypto ecosystem lies precisely in the volatility and differentiation of projects. Although Bitcoin continues to consolidate its role as a store of value and reference asset, altcoins face the challenge of demonstrating utility and resilience beyond speculation.

The immediate future of the market will depend on key factors such as international regulation, institutional adoption, and the evolution of the global macroeconomy.