Coinbase: Cryptocurrency Market Will Be Driven by Macro Factors After Bitcoin Halving

Odaily News Coinbase said in a research note on Thursday that while cryptocurrency fundamentals remain strong, the direction of the digital asset market after the Bitcoin halving is more likely to be driven by macroeconomic factors. Coinbase analyst David Han wrote: "Cryptocurrencies may be largely affected by exogenous factors, including increased geopolitical tensions, rising long-term interest rates, reflation, and rising national debt." (CoinDesk)