Bitcoin et crypto : « le bull run est lancé » malgré l’échec du CLARITY Act

Malgré la correction du Bitcoin, l’échec du CLARITY Act au Sénat américain et le durcissement monétaire de la Fed, André Dragosch, Head of Research Europe chez Bitwise, estime que le bull run est lancé. Comme il l'a expliqué à Cryptoast, il mise sur la demande institutionnelle, le retour du debasement trade et une rotation progressive vers Ethereum et certains altcoins. L’article Bitcoin et crypto : « le bull run est lancé » malgré l’échec du CLARITY Act est apparu en premier sur Cryptoast.

The cryptocurrency market appears to be reaching a pivotal turning point. Despite a macroeconomic landscape shaped by the Federal Reserve's monetary tightening and regulatory hurdles in the United States—such as the failure of the CLARITY Act—leading analysts maintain that the bull cycle is well and truly underway. Experts view recent Bitcoin corrections as natural consolidation phases within a structurally positive underlying trend, supported by technical and on-chain indicators pointing to robust accumulation by long-term investors.

The foundation of this confidence rests on compelling data: throughout the summer, a predominant share of the Bitcoin supply, exceeding 70%, was held by investors showing little inclination to sell. This scarcity is further amplified by growing institutional demand via exchange-traded funds (ETFs), which are capable of absorbing a significant portion of daily mining output. This imbalance between limited supply and sustained institutional appetite serves as the primary engine for this market dynamic, reinforcing the thesis of a lasting regime shift.

The major macroeconomic issue identified by specialists is the return of the "debasement trade." Faced with mounting public debt and the need for governments to refinance at high rates, investors are turning toward safe-haven assets. Bitcoin, as a scarce asset, is increasingly perceived as a strategic hedge against monetary devaluation. In this light, a potential easing of global financial conditions could act as a powerful catalyst, propelling Bitcoin to new heights following a period of severe adjustment to interest rates.

As liquidity flows back into the ecosystem, the implications extend beyond Bitcoin alone. Capital rotation is expected to gradually favor Ethereum, assets tied to the tokenization of real-world assets, and the stablecoin sector. Furthermore, the emergence of decentralized exchanges offering a seamless user experience suggests a future migration of volume from centralized platforms toward decentralized finance. However, this momentum is unlikely to benefit the entire market uniformly, favoring instead projects with strong technological value added within a selective market environment.