Coinbase: Cryptocurrency market will be driven by macro factors after bitcoin halving
2024-04-19 12:29:11
Coinbase (COIN) said in a research note on Thursday that while cryptocurrency fundamentals remain strong, the direction of the digital asset market following the Bitcoin halving is more likely to be driven by macroeconomic factors. "These factors are largely exogenous to cryptocurrencies, including heightened geopolitical tensions, rising long-term interest rates, reflation, and rising national debt," analyst David Han wrote.
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