Coinbase: Bitcoin may rebound in Q3, and its ability to resist macro market headwinds is increasing

Odaily News Coinbase pointed out in its monthly market assessment report that compared with traditional financial markets, Bitcoin's ability to resist macroeconomic headwinds is increasing, and the decline is relatively small. Although cryptocurrencies are in a bear market, they may rebound in the third quarter. However, Coinbase researchers said that the cyclical outlook in the digital asset field remains difficult and recommends continued caution in the next four to six weeks. As Bitcoin's role as a means of storing value continues to increase, a comprehensive assessment of the overall market activity of cryptocurrencies is needed to better define the bull and bear markets of this asset class. (Cointelegraph)