The current Crypto Bull market has been driven by a combination of macro demand for scarce digital assets and growing regulatory clarity, two forces that are expected to continue shaping the investor approach in the last quarter of 2025, said the manager of Grayscale assets in a report on Wednesday.
According to Grayscale, the Federal Reserve decision to resume rates cuts in September, and its sign that one or two additional cuts could continue before the end of the year, it should generally be considered support for digital assets.
The lowest indebtedness costs, the gray scale indicated the opportunity cost of maintaining non -carriers of performance, such as Bitcoin and can foster the broader risk appetite in the markets.
At the same time, analysts warned that a deceleration economy or the geopolitical risks that grow could cushion the valuations. They also highlighted the possibility that an unexpected fed pivot so that rates walks would represent a clear downward risk.
On the regulatory side, the gray scale indicated several potential catalysts that could continue to attract the attention of investors. These include the introduction of participation within the products quoted by the exchange of crypto (ETPs), the approval of the new ETPs based on Altcoin and the possible approval of a draft law of market structure in the Senate.
While each of these developments would represent a significant progress, the gray scale warned that markets already have a price in a good amount of optimism.
Any setback, whether delays, political setback or absolute rejection, could weigh the valuations, the report added.
Read more: Crypto’s value is found in billion dollar markets, says Bitwise
