Coinbase: Positive factors in late April will boost cryptocurrency performance
2024-04-01 14:40
Odaily News David Duong, head of research at Coinbase, recently stated that the cryptocurrency market has maintained good momentum despite liquidity disruptions from the U.S. holidays and corporate month-end (and quarter-end) rebalancing. He believes speculators short MicroStrategy and long Bitcoin trades may contribute to recent market volatility. On the other hand, many of the headwinds identified earlier this month are in the past and the environment in Q2 2024 appears to be more favorable for cryptocurrency performance, but these positives may not be more apparent until the second half of April The ground appears. (Linkedin)
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