Asset management firm WisdomTree has detected a structural shift in the crypto market: the euphoria of retail investors is now replaced by the logic of institutional asset management. Analysts say the crypto industry has entered a mature phase of development.

The discussion has moved from 'Should we own cryptocurrency?' to 'How do we responsibly integrate it?', WisdomTree notes. Bitcoin's volatility is waning as funds and corporations add it to their balance sheets as a strategic portfolio component.

Analysts say the crypto industry's further development will depend on the quality of regulation and the depth of digital asset integration into the traditional financial system. If a balance between oversight and innovation is maintained, cryptocurrencies can assert themselves as a standalone asset class. Meanwhile, Bitcoin's MVRV ratio has fallen to 1.1, bringing the asset closer to undervalued territory, according to data from CryptoQuant.