Asset manager Bitwise sees 3 tests for crypto’s 2026 rally

Bitcoin and ether are off to a strong start this year, and Bitwise says the path to new highs hinges on market stability, U.S. legislation and calm equities. What to know : Bitwise said the risk of forced liquidations from last year’s selloff has largely faded. Progress on U.S. crypto market structure legislation remains the biggest open question. A sharp equity-market downturn could still derail crypto’s momentum, the report warned.