 ▲ Bitcoin (BTC) |
The cryptocurrency market, which had endured a prolonged downturn, is now drawing investor attention amid rosy forecasts that it has entered the early stages of a new major bull run, fueled by strong policy support from U.S. President Donald Trump and the full-fledged entry of traditional financial institutions into the market.
According to crypto media outlet CoinDesk on March 4 (local time), Owen Lau, an analyst at Clear Street, assessed that the approximately 44% price decline between October 10 and February 28 may mark a definitive end to the crypto winter. His analysis gains further credibility as Bitcoin (BTC) surged 8% in the past 24 hours, easily surpassing the $73,000 level.
Lau cited President Donald Trump’s active intervention on Tuesday as one of the key drivers behind the rally. With President Trump throwing his support behind the pending U.S. cryptocurrency market structure bill, the CLARITY Act, amid intense debate, the likelihood of the legislation passing Congress before the end of summer has significantly increased.
The pace of integration between crypto companies and mainstream financial infrastructure is also accelerating noticeably. A prime example is Kraken’s banking subsidiary securing a master account with the U.S. Federal Reserve, granting it direct access to the central bank’s payment system. This development is interpreted as a structural leap that further embeds crypto-based institutions into the core of the U.S. financial system.
Participation from major institutions is also rapidly expanding the ecosystem. Morgan Stanley recently amended its filing related to a proposed spot Bitcoin ETF, designating Coinbase Custody as a co-custodian alongside BNY Mellon, thereby strengthening Coinbase’s position within the institutional market. Meanwhile, escalating geopolitical tensions in the Middle East are once again underscoring the value of blockchain networks as alternative payment rails during periods of financial disruption.
These positive factors combined are signaling a major تحول across the industry. Lau expressed confidence that the cryptocurrency sector has finally reached a critical inflection point and that the current rally is not merely a short-term rebound but possesses strong momentum that could persist for a considerable period.
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