Bitwise Chief Investment Officer Matt Hougan pointed out that three key conditions for cryptocurrency's continued uptrend in 2026 are: avoiding major market shocks similar to liquidation events in 2025; the U.S. Congress passing the cryptocurrency market structure bill currently under review; and a stable stock market environment. Given that Bitcoin and Ethereum have risen 7% year-to-date and risk appetite has recovered somewhat, Bitwise believes the current situation is positive, but depends on policy progress and broader market cooperation.
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