A recent analysis by TechFlow suggests that a true bull market for cryptocurrencies is expected to commence in the second quarter of 2026. The report notes that while cryptocurrencies have rebounded from their 2022 lows, they remain within a normal trading range and have not yet entered a bull market phase. The analysis attributes the anticipated bull market to potential U.S. interest rate cuts and improved housing market liquidity. Meanwhile, gold has outperformed both stock and crypto markets as countries increase reserves amid declining confidence in the U.S. dollar. The U.S. stock market continues to rise due to passive fund inflows, despite a stagnant housing market affected by high interest rates.