Crypto markets must clear three key checkpoints before reaching new all-time highs in 2026, according to Bitwise chief investment officer Matt Hougan.
Crypto is off to a good start in 2026, but there are three big hurdles standing between us and new all-time highs.
Matt Hougan said.
Hougan said market confidence has improved following stability after the October liquidation event that erased $19bn in futures positions.
He said lingering fears of forced selling faded as investors moved past concerns tied to the October market shock.
The first major checkpoint is the passage of the CLARITY Act through the US Senate.
Passage of the CLARITY Act is key to the long-term future of crypto in the US.
Matt Hougan said.
He added that clear market structure rules would provide a foundation for sustained growth.
The second checkpoint is continued stability across broader financial markets.
Hougan said a sharp equity market sell-off would weigh on risk assets, including crypto.
If we hit the three milestones above, I think 2026’s early momentum will have some serious legs.
Matt Hougan said.