Analysts expect Q4 to be a driver for the crypto market thanks to the CLARITY Act in the US, the growth of stablecoins and the influx of ETPs that open up access for institutions.

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Key drivers of Q4: Laws, stablecoins and ETPs

The main catalyst for the fourth quarter may be the passage of the CLARITY Act in the US, which analysts call a “comprehensive financial services law”. It is able to integrate the crypto industry with traditional finance on a new level. Added to this is the SEC’s decision on commodity ETP listing standards, which opens up wider access to crypto assets for investors.

The Federal Reserve has already made its first rate cut since last year, and the market expects more steps. However, JPMorgan CEO Jamie Dimon warns that without a serious decline in inflation, the Fed will find it difficult to continue the easing cycle.

Stablecoins in Focus

Analysts predict that Q4 could be a quarter of rapid growth for stablecoins. After President Donald Trump signed the GENIUS Act in July, the market expects final regulations for payment stablecoins. This paves the way for Ethereum, Solana, Tron, BNB and L2 networks, as well as companies launching products based on them.

“This is positive for the entire ecosystem,” says Edward Carroll of MHC Digital Group. “We expect the tokenization of money and ETFs in the stock market to gain momentum as well.”

Bitcoin and altcoins: a new surge

Analysts at Swyftx note that demand through ETFs is growing: in 2025, funds will buy an average of 1,755 BTC per day. This sets the stage for a new all-time high for Bitcoin by the end of the year.

“The market will work in rotation throughout 2025: first BTC grows, then altcoins explode,” says Pav Hundal. “Memcoins and DeFi projects like Pump.fun, Hyperliquid, and Aster have performed the best.”

DeFi and RWA remain favorites

Henrik Andersson of Apollo Crypto believes that in the US this quarter, ETFs for staking may pass, and the CLARITY Act will also be adopted. He highlights DeFi projects with real revenue, stablecoins, and RWA as key topics.

“Last quarter, the biggest resonance was created by the Pump and Hyperliquid buybacks, as well as the wave of companies converting to digital treasuries. These trends will only intensify in Q4,” he added.