Coinbase: Cryptocurrency market will be driven by macro factors after Bitcoin halving
Golden Finance reported that Coinbase (COIN) said in a research report on Thursday that although cryptocurrency fundamentals remain strong, the direction of the digital asset market after Bitcoin halving is more likely to be driven by macroeconomic factors. “These factors are largely exogenous to cryptocurrencies and include rising geopolitical tensions, rising long-term interest rates, reflation and rising national debt,” analyst David Han wrote.
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