Coinbase: Crypto market expected to recover in December

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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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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