Crypto Tailwinds on Tap: Coinbase
Coinbase Institutional has said crypto markets may be poised for a December recovery, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin .
In a market note shared Dec. 6, the firm pointed to rising odds of a Federal Reserve rate cut next week, now priced at 93% on Polymarket and 86% on the CME’s FedWatch , as a central driver.
Liquidity conditions are also improving, based on Coinbase’s internal M2 index, which tracks monetary flows that impact asset prices. The firm had previously predicted a weak November followed by a rebound, citing similar indicators.
The note also flagged additional tailwinds that could support the rally, among them the expected bursting of…
