The cryptocurrency market may be on the cusp of a new bull run, driven by a combination of institutional adoption, policy progress, and support from the Trump administration. According to Clear Street analyst Owen Lau, recent gains in bitcoin and progress on U.S. policy are bolstering sentiment and integration with the traditional financial system. This comes as monthly digital asset treasury inflows have slowed to their lowest level since October 2024, with bitcoin dominating inflows except for August and September 2025, according to data from DeFiLlama.
President Trump has been a vocal supporter of the crypto industry, recently meeting with Coinbase CEO Brian Armstrong to discuss stablecoin yield. Trump has also criticized the banking industry for undermining his crypto agenda, calling for progress on the Clarity Act. The GENIUS Act, which prohibits stablecoin issuers from paying interest directly to holders but permits third-party platforms to distribute yield to users, has been a focal point of Trump's efforts to mediate a compromise between crypto firms and banks.
Despite slow treasury inflows, institutional investors are increasingly adopting digital assets, with expanding participation and geopolitical tensions underscoring blockchain's role as an alternative payment rail. This has fueled expectations of a new bull phase, with Lau suggesting that the recent 44% drawdown could mark the end of the latest crypto winter.
Data from Glassnode also shows an "air pocket" above $72,000, with roughly 1% of bitcoin's circulating supply sitting between $72,000 and $80,000, creating a low resistance zone. This could potentially lead to a quick run to $80,000, as there is little resistance in that range. CoinDesk Research notes that more than 400,000 BTC were accumulated between $60,000 and $70,000 during the recent pullback, potentially strengthening support below current levels.
Trump's efforts to support the crypto industry have been met with resistance from banks, which have shown reluctance to negotiate stablecoin yields. However, the president's continued push for crypto-friendly policies has sparked optimism among investors, with many hoping that a new bull market is on the horizon.
As the crypto market continues to evolve, it remains to be seen whether Trump's efforts will be enough to spark a sustained bull run. However, with institutional adoption and policy progress on the rise, the stage is set for a potentially significant shift in the market.
The cryptocurrency market may be on the cusp of a new bull run, driven by a combination of institutional adoption, policy progress, and support from the Trump administration. According to Clear Street analyst Owen Lau, recent gains in bitcoin and progress on U.S. policy are bolstering sentiment and integration with the traditional financial system. This comes as monthly digital asset treasury inflows have slowed to their lowest level since October 2024, with bitcoin dominating inflows except for August and September 2025, according to data from DeFiLlama.
President Trump has been a vocal supporter of the crypto industry, recently meeting with Coinbase CEO Brian Armstrong to discuss stablecoin yield. Trump has also criticized the banking industry for undermining his crypto agenda, calling for progress on the Clarity Act. The GENIUS Act, which prohibits stablecoin issuers from paying interest directly to holders but permits third-party platforms to distribute yield to users, has been a focal point of Trump's efforts to mediate a compromise between crypto firms and banks.
Despite slow treasury inflows, institutional investors are increasingly adopting digital assets, with expanding participation and geopolitical tensions underscoring blockchain's role as an alternative payment rail. This has fueled expectations of a new bull phase, with Lau suggesting that the recent 44% drawdown could mark the end of the latest crypto winter.
Data from Glassnode also shows an "air pocket" above $72,000, with roughly 1% of bitcoin's circulating supply sitting between $72,000 and $80,000, creating a low resistance zone. This could potentially lead to a quick run to $80,000, as there is little resistance in that range. CoinDesk Research notes that more than 400,000 BTC were accumulated between $60,000 and $70,000 during the recent pullback, potentially strengthening support below current levels.
Trump's efforts to support the crypto industry have been met with resistance from banks, which have shown reluctance to negotiate stablecoin yields. However, the president's continued push for crypto-friendly policies has sparked optimism among investors, with many hoping that a new bull market is on the horizon.
As the crypto market continues to evolve, it remains to be seen whether Trump's efforts will be enough to spark a sustained bull run. However, with institutional adoption and policy progress on the rise, the stage is set for a potentially significant shift in the market.