Coinbase: Crypto market expected to recover in December
TL;DR
Coinbase Institutional predicts a cryptocurrency market recovery in December, citing improved liquidity, a high probability of Federal Reserve rate cuts, and strong macroeconomic factors as key drivers.
PANews reported on December 6th that Coinbase Institutional published an article on its X platform, stating that signs of market recovery are becoming increasingly apparent. They believe that with improved liquidity, a surge in the probability of a Federal Reserve rate cut to 92% (as of December 4th), and strengthening macroeconomic positive factors, cryptocurrencies are poised for a recovery in December. The reasons are as follows:
- Liquidity is recovering
- The so-called "artificial intelligence bubble" has not yet burst (there is still room for growth).
- Short the US dollar at current prices is quite attractive.
Coinbase previously predicted a weak market in November and a rebound in December. This could be the starting point for a renewed momentum in the cryptocurrency market.