A more optimistic macroeconomic backdrop, the growing corporate appetite for digital assets and greater regulatory clarity will feed a constructive perspective for cryptography markets in the second half of 2025, according to a Research coinbase report.
After a first trimester full of brief marked by a brief contraction in the US GDP and commercial interruptions, the data now point to a stronger growth. The GDPnow tracker of the Atlanta Fed has increased to 3.8% QOQ in early June, a strong update of the beginning of the year. This change, together with the expectations of the federal reserve rate cuts and a less aggressive commercial policy, has relieved the fears of recession and strengthened the feeling of investors.
The decrease in the domain of the dollar and the protection of inflation of use cases can also increase bitcoins
The appeal, even if the yields of the US Treasury have long been elevated, according to the report. Altcoins can be delayed unless they benefit from specific catalysts, such as ETF approvals or protocol developments.
Meanwhile, public companies add more and more cryptography to their balance sheets, helped by a 2024 rule change that allows the accounting of “Mark-To-Market” for digital assets. While this trend is expanding demand, it is also introducing new systemic risks. Companies that finance cryptographic purchase with convertible debt may be forced to sell if refinancing options are dried or prices fall abruptly.
Regulatory clarity
The regulatory developments are also expected to remodel the market, according to the report.
The Senate recently approved the Genius Law, a Bipartisan bill of Stablecoin that is now addressed to the Chamber. A broader market structure bill, the clarity law, aims to define the roles of the stock exchange and securities (SEC) commission and the Basic Product Future Trade Commission (CFTC) to supervise digital assets. If approved, it could clarify the rules for both issues and investors.
Separately, the SEC is considering more than 80 cryptographic ETF applications, including multipurpose funds and proposals involving the rethinking and alternative. Some decisions could already be made in July, and the rest is likely to end in October.
In general, Bitcoin seems to be ready to benefit from winds of macro and structural tail in the second half of the year, while the prospects for Altcoins will depend on navigating a more complex regulatory and liquidity environment and even evolution, according to the report.
