Crypto Market Setup Looks Positive for Second Quarter: Coinbase

Crypto Market Setup Looks Positive for Second Quarter: Coinbase


The bitcoin halving, expected in mid-April, is the standout supply-side event. Wirehouses may be close to approving spot bitcoin ETFs, the report said. Institutional interest in the crypto space remains elevated, according to Coinbase.

The crypto market is set up for a positive second quarter with most of the previously identified headwinds in the rear-view mirror, Coinbase (COIN) said in a research report on Friday.

These positive factors may “only manifest themselves more clearly starting in the second half of April,” Coinbase said.

The bitcoin (BTC) reward halving, expected April 16-20, remains the main supply-side event, the report

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