In 2025, a bullish crypto market was fueled by favorable regulations, but now traders wonder if it’s the start of a bear market. Decrypt’s Crypto Crystal Ball series explores key questions for digital assets in 2026, including the possibility of a “crypto winter.”

Financial analysts predict 2026 won’t bring a crypto winter, with Grayscale’s Zach Pandl forecasting Bitcoin to hit new all-time highs. However, Greg Magadini expects a volatile year for Bitcoin and Ethereum, with potential drops before reaching new peaks between $150,000 and $200,000.

Magadini believes crypto prices are tied to macroeconomic sentiment, anticipating a credit crunch in early 2026. Pandl, on the other hand, sees the market’s strength dependent on demand for alternative stores of value and regulatory developments integrating crypto with the traditional economy.

Overall, analysts have differing views on the future of the crypto market in 2026, with some foreseeing intense moves for Bitcoin and Ethereum, while others anticipate new all-time highs and regulatory advancements driving the market’s performance.

Read more at Yahoo Finance: Are We Headed for Bitcoin and Crypto Winter?