Grayscale: The market pullback in September is temporary, and the crypto market may be heading towards new highs.

Golden Finance reports that Grayscale Research recently published an article stating that the crypto bull market is driven by macro demand for scarce digital assets and regulatory clarity that supports adoption. These two factors are likely to become a focal point for investors again in the fourth quarter of 2025. The fundamentals still point in a positive direction, as the Fed restarted interest rate cuts in September and hinted at one or two more cuts by the end of the year. Other positive market catalysts include: the potential introduction of Staking features in crypto ETPs, more altcoin ETP listings, and the Senate passing the market structure bill. Grayscale believes that before these factors change, the market pullback in September is only temporary, and the crypto market may be heading towards new highs.