BTC News: Bitcoin to Rally as U.S. Growth Improves, Stablecoin Bills Progress: Coinbase Research

A extra upbeat macroeconomic backdrop, rising company urge for food for digital property, and elevated regulatory readability will gas a constructive outlook for crypto markets within the second half of 2025, in accordance to a report by Coinbase Research.

After a bumpy first quarter marked by a quick contraction in U.S. GDP and commerce disruptions, knowledge now level to stronger development. The Atlanta Fed’s GDPNow tracker has jumped to 3.8% QoQ as of early June, a pointy improve from earlier within the 12 months. This shift, alongside expectations of Federal Reserve charge cuts and a much less aggressive commerce coverage, has eased recession fears and strengthened investor sentiment.

Declining greenback dominance and inflation safety use-cases can also increase bitcoin’s

attraction, even when long-dated U.S. Treasury yields stay elevated, the report mentioned. Altcoins might lag except they profit from particular catalysts, such as ETF approvals or protocol developments.

Meanwhile, public corporations are more and more including crypto to their steadiness sheets, aided by a 2024 rule change permitting “mark-to-market” accounting for digital property. While this development is increasing demand, it’s additionally introducing new systemic dangers. Firms that fund crypto buys with convertible debt could also be compelled to promote if refinancing choices dry up or costs fall sharply.

Regulatory readability

Regulatory developments are additionally anticipated to reshape the market, the report mentioned.

The Senate just lately handed the GENIUS Act, a bipartisan stablecoin invoice now heading to the House. A broader market construction invoice, the CLARITY Act, goals to outline the roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in overseeing digital property. If handed, it may make clear guidelines for each issuers and buyers.

Separately, the SEC is contemplating greater than 80 crypto ETF functions, together with multi-asset funds and proposals involving staking and altcoins. Some rulings could possibly be made as early as July, and the remainder are seemingly to be finalized by October.

Overall, bitcoin seems poised to profit from each macro and structural tailwinds within the second half of the 12 months, whereas the outlook for altcoins will rely upon navigating a extra advanced and still-evolving regulatory and liquidity atmosphere, in accordance to the report.