With Q4 of 2025 approaching, things are looking up for the crypto market.

The meme coin market is up for the quarter and has gained 36% in its market cap over the past year. Stablecoins – one of crypto’s recent darlings – have seen their market cap climb from a little over $200B to nearly $300B this year.

Recent days have highlighted some exhaustion with Bitcoin and Ethereum, which have sagged back a bit. Still, analysts increasingly point to three interlocking forces that could drive performance in the final quarter of the year:

Regulatory clarity

The continued rise of stablecoins

Rotation from Bitcoin into high-growth sectors

The upbeat mood goes beyond those three issues; a recent Grayscale report shows growth in all six core crypto sections.

Here’s how the pieces align – and how

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