Barclays has projected a subdued outlook for the cryptocurrency market in 2026, citing a lack of significant catalysts to drive growth. The bank anticipates declining trading volumes and waning retail interest, which could lead to stagnant liquidity in the crypto markets. Major platforms like Coinbase and Robinhood have already reported a decrease in spot trading activity, impacting their core revenue streams. While the CLARITY Act may provide regulatory clarity, it is not expected to trigger immediate market growth. Barclays suggests that tokenization and regulatory developments could foster long-term momentum, though the outcomes for 2026 remain uncertain. Additionally, efforts to counter the financing of terrorism continue to be a regulatory priority, but their impact on the market is expected to be limited.