Coinbase: Crypto market expected to recover in December

PANews reported on December 6th that Coinbase Institutional published an article on its X platform, stating that signs of market recovery are becoming increasingly apparent. They believe that with improved liquidity, a surge in the probability of a Federal Reserve rate cut to 92% (as of December 4th), and strengthening macroeconomic positive factors, cryptocurrencies are poised for a recovery in December. The reasons are as follows:

  • Liquidity is recovering
  • The so-called "artificial intelligence bubble" has not yet burst (there is still room for growth).
  • Shorting the US dollar at current prices is quite attractive.

Coinbase previously predicted a weak market in November and a rebound in December. This could be the starting point for a renewed momentum in the cryptocurrency market.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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