Coinbase Research Report: Three Major Themes of the Cryptocurrency Market in the Second Half of 2025 "The outlook for the cryptocurrency market in the second half of 2025 is positive, mainly driven by unexpected economic growth, adoption of enterprise encryption, and regulatory clarity. The report summarizes three key themes for the cryptocurrency market in the second half of the year, including improved macro prospects: the risk of economic recession in the United States has significantly decreased, and overall growth momentum has increased;