Coinbase has expressed optimism about Bitcoin's performance in the fourth quarter, despite a leveraged flash crash on October 11. The firm anticipates strong liquidity, favorable macroeconomic conditions, and positive regulatory developments to support the crypto market. Coinbase highlights that Bitcoin could exceed market expectations, driven by these factors.
The company also forecasts that the Federal Reserve will cut interest rates twice this quarter. This move could encourage investors to redirect some of the $7 trillion currently held in money market funds into cryptocurrencies, potentially boosting Bitcoin's market performance.
Coinbase Optimistic on Bitcoin's Q4 Performance Despite Flash Crash
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.