TechFlow news, June 13 — According to Coinbase's research report, the cryptocurrency market outlook for the second half of 2025 remains positive, primarily driven by stronger-than-expected economic growth, increasing corporate adoption of cryptocurrencies, and a clearer regulatory environment.
The report notes that the risk of a U.S. recession has diminished, showing signs of stronger economic growth. Approximately 228 publicly listed companies globally hold a total of 820,000 BTC, making corporate treasury adoption a significant source of demand. Although potential systemic risks exist, they are considered manageable in the short term.
On the regulatory front, progress has been made on U.S. stablecoin legislation, with the STABLE Act and the GENIUS Act advancing. A unified bill could potentially be reached before Congress adjourns on August 4. Meanwhile, the U.S. Securities and Exchange Commission is reviewing around 80 cryptocurrency ETF applications, including physically backed creation/redemption structures, staking features, index funds, and single-token ETFs.
The report suggests that despite risks such as a steepening U.S. Treasury yield curve, the upward trend for BTC is expected to continue, while altcoins’ prospects may depend more on their individual factors.
