Crypto Bull Market Still Has Legs
Coinbase analysts remain optimistic for the fourth quarter, arguing that a mix of resilient liquidity, a favorable macro backdrop and supportive regulatory signals could keep the crypto market rally alive.
Bitcoin , they argue, continues to benefit from macro tailwinds and could outperform market expectations, analysts David Duong and Colin Basco said in a Wednesday report.
“Barring a shock to energy prices we think the immediate risk to disrupting the current U.S. monetary policy path is actually quite low,” the analysts wrote. On-chain demand from digital asset treasuries (DATs) is also expected to provide a floor for prices.
One lingering concern for investors is seasonality, the report said, noting six straight…
