BTC News: Bitcoin at the rally as US development improves, development of Stablecoin Bills: Coinbase Research
A more upbeat macroeconomic backdrop, growing corporate appetite for digital assets, and increased the clarity of regulation will fuel a constructive perspective for crypto markets in the second half of 2025, according to A Coinbase Research Report.
After a stunning first quarter marked a brief backward US GDP and trade interruptions, the data now points to stronger growth. Atlanta Fed’s GDPNOW tracker jumped to 3.8% QOQ in early June, a sharp upgrade from earlier in the year. This change, in conjunction with expectations of federal reserves rate cuts and a less aggressive trade policy, alleviates the fears of retreating and strengthening the investor’s feelings.
Falling dollars dominance and using inflation protection can also boost Bitcoin’s
Appeal, even the long -dated cost of the US treasury remains elevated, the report said. Altcoins can be lost unless they benefit from specific catalysts, such as ETF approved or protocol developments.
Meanwhile, public companies are increasing crypto to their balance sheets, assisted by a change in the 2024 rule that allows “mark-to-market” accounting for digital properties. While this trend expands demand, it also introduces new systematic risks. Crypto fund companies are purchased with convertible debt may be forced to sell if refinancing options will dry out or drop prices dramatically.
Clarity of regulation
Regulation development is also expected to reinstate the market, the report said.
The Senate recently passed the Genius Act, a Bipartisan Stablecoin bill that is now heading home. A broader market structure bill, the Clarity Act, aims to identify the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the administration of digital assets. If passed, it can clarify the rules for both gives and investors.
Separately, the SEC considers more than 80 Crypto ETF applications, including multi-asset funds and measures involving staking and altcoins. Some decisions can be made in advance of July, and the rest is likely to be finalized by October.
In general, Bitcoin appears to benefit from both macro and structural tails in the second half of the year, while the perspective for altcoins depends on the navigation of a more complex and still emerging regulation and liquid environment, according to the report.
