Coinbase analysts believe that the crypto market may be heading towards a more favorable trading environment as downside pressures ease.
Market Improvement Signs
- Liquidations from bankrupt crypto exchange FTX and financial troubles of crypto lender Celsius are clearing up.
- Net inflows into US spot Bitcoin ETFs have averaged over $200 million daily in the past week.
- Macro factors, such as the likelihood of a soft landing in the US economy, could become more relevant for the digital asset class.
Positive Setup for Crypto Assets
- Federal Reserve is expected to loosen its tight monetary policies in May, coinciding with Bitcoin’s upcoming halving event in April.
- This could create a positive setup for crypto assets in general.
- Opinions expressed by FastPayCrypto are not investment advice.
- Investors should do their own research before making any high-risk investments.
- FastPayCrypto does not recommend buying or selling any cryptocurrencies or digital assets.