The cryptocurrency market has struggled to gain momentum due to two major corrections. The first occurred in December 2024 after the Federal Reserve announced only two interest rate cuts in 2025 instead of three, aiming to curb rising inflation in the US. The second dip happened in January 2025 following better-than-expected US jobs data, which reduced the likelihood of an early interest rate cut. Despite these challenges, a pro-cryptocurrency administration has come into power.