You should not expect a strong crypto rally in the third quarter of the year, according to Coinbase researchers
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This prediction is based on the fact that there are no convincing bullish narratives that could prop up the market. There is a lot of uncertainty surrounding the hotly-anticipated launch of multiple spot Ethereum exchange-traded funds . If these products recorded underwhelming inflows, their underperformance could emerge as another bearish catalyst for the market. As rAfter a period of volatility over the next two months, Coinbase researchers expect the market to improve in the fall.
On a positive note, the researchers believe that the U.S. Federal Reserve cutting rates this year could bode well for the market. , US inflation turned out to be lower than expected in June. Now, the Fed might end up cutting rates multiple times this year in order to prevent a dramatic slowdown in economic activity.
Some analysts of the likes of Fundstrat's Tom Lee expect Bitcoin to experience a strong rally in the second half of the year due to declining inflation. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
XRP Set to Explode if Bollinger's Bands Are Right, SHIB Team Member Teases Major Shiba Inu Update, Cardano Shows Ultra-Bullish Price Pattern: Crypto News Digest by U.TodayXRP Set to Explode if Bollinger's Bands Are Right, SHIB Team Member Teases Major Shiba Inu Update, Cardano Shows Ultra-Bullish Price Pattern: Crypto News Digest by U.Today
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