The cryptocurrency market entered bearish territory in late 2025, but has struggled to turn the tides, despite sporadic bullish movements. Investors began a risk-off approach from around October of 2025 after increased macroeconomic uncertainties and geopolitical tensions. While Bitcoin (BTC) has recovered from a low of around $62,000 in February, let’s look at three catalysts that could trigger the next crypto bull run.
3 Things That Could Bring The Next Crypto Bull Run

Source: BitcoinMagazine
Geopolitical tensions have had a detrimental effect on the cryptocurrency market. Investors are cautious about risky assets given the uncertain global environment. The US-Iran war, in particular, has rattled investors. President Trump had rejected one ceasefire proposal from Iran. The move led to increased investor worry. However, things seem to be moving towards a positive direction. We could see a new peace treaty very soon. If tensions are resolved, it could lead to a bullish phase for the cryptocurrency market.
Macroeconomic worries have also caused substantial investor worry. Many were anticipating the new Federal Reserve Chair, Kevin Warsh, to reduce interest rates after assuming office. A rate cut could have led to a cryptocurrency market rally. However, inflation data came in higher than anticipated. Moreover, crude oil prices and bond yields have been going up. The development could lead to interest rates remaining unchanged, if not hiked. If macroeconomic conditions improve, and the Federal Reserve decides to reduce interest rates, the cryptocurrency market could enter bullish territory.
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The third catalyst that could usher in the next crypto bull run is the CLARITY Act. The US is at the cusp of its first proper pro-cryptocurrency legislation, which aims to bring substantial regulatory clarity to the industry. The move could lead to increased cryptocurrency participation among investors given the clear rulebook. Such a move could trigger a bull run for the cryptocurrency market.