Coinbase: Cryptocurrency Market Will Be Driven by Macro Factors After Bitcoin Halving
Coinbase (COIN) stated in a research report on Thursday that although the fundamentals of cryptocurrency are still strong, the direction of the digital asset market after the halving of Bitcoin is more likely to be driven by macroeconomic factors. Analyst David Han wrote: "These factors are largely exogenous factors of cryptocurrency, including intensified geopolitical tensions, rising long-term interest rates, inflation and rising national debt."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu Grows Stronger as a Community-Driven Cryptocurrency
Investor Turns $1.3K Into $12.45M in 16 Days Through Moo Deng Memecoin
BlackRock, Fidelity, and Ark Lead $1.1B Surge in Bitcoin ETF Investments
Shiba Inu Community Stays Strong Despite Market Challenges