Coinbase flashes warning that the crypto winter came early this year – DL News
Roundup
- Bitcoin is down some 20% since Trump’s inauguration.
- Coinbase warns that it may be a sign of a bear market.
A version of this story appeared in our The Roundup newsletter on April 18. Sign up here.
Hi! Eric here.
The northern hemisphere may be enjoying the first signs of spring, but Coinbase warns that the chill of a crypto winter may already be upon us.
In a research note this week, David Duong, the crypto exchange’s global head of research, laid out a stark warning that a bear market has its claws firmly around crypto — and will keep its grip firm for the foreseeable future.
Most metrics point in that direction. Bitcoin has fallen about 20% since its January record, and its average price of the past 200 days has dropped.
While…
