Q3 Forecast: Coinbase Institutional Sees Turbulence and Narrative Gaps in Crypto
Coinbase Institutional warns crypto investors to brace for more market consolidation this quarter. Their research indicates traders are concerned about a potential US recession.
However, if the economy stays stable, there could be bullish catalysts, including potential Fed cuts and fiscal expansion due to the upcoming US election. Coinbase also notes the uncertain short-term impact of Ethereum (ETH) ETFs but sees them as long-term positive.
They predict volatile crypto prices in the next couple of months before a clearer trend emerges in late September. Currently, Ethereum is trading at $3,205, up over 2% in the past day.
Clever Robot News Desk 15th July 2024
