Coinbase, a big name in the crypto world, thinks the next few months for crypto investors will be a bit of a rollercoaster ride. They’re predicting a lot of ups and downs, especially as the US economy is facing some uncertainty.
Recession Fears and the Fed’s Role
Coinbase’s experts are keeping a close eye on the US economy, specifically the possibility of a recession. They believe that if the economy takes a downturn, it could make investors hesitant to jump into new investments, including crypto. However, they also think that if the Federal Reserve cuts interest rates, it could actually boost the market and encourage more people to buy crypto.
Ethereum ETFs and Market Volatility
Another big factor to watch is the launch of Ethereum (ETH) exchange-traded funds (ETFs). While Coinbase believes this is a good thing for Ethereum in the long run, they’re not sure how the market will react in the short term.
Expecting More Wild Swings
Overall, Coinbase is expecting a lot of volatility in the crypto market over the next couple of months. They say the market is still trying to figure out what’s going to happen, and there aren’t any clear trends yet. They predict that things will start to settle down towards the end of September.
The Bottom Line
Coinbase’s prediction is that the crypto market will be a bit of a wild ride this quarter. They think it’s important to be prepared for some ups and downs, but they also believe that there are some positive developments on the horizon.
