Coinbase, the largest cryptocurrency exchange in the USA, warned investors against possible declines in the market.
A report recently shared by Coinbase included possible correction expectations for the cryptocurrency market. The report explains what lies behind the latest rising wave in the cryptocurrency market. spot Bitcoin exchange-traded fund (ETF) While it is stated that the approvals are gradually losing their ability to move the market upwards, the macroeconomic events were pointed out.
Coinbase analysts mentioned in the report David Duong And David Khanwill be announced this week USA CPI And PPI He emphasized that the data may lead to short-term retreats in the markets.
Additionally, the US Federal Reserve’s funds are used to support US regional banks. Bank Term Funding Program (BTFP) will expire on March 11. and it was noted that this could lead to leads:
We think the crypto may face some significant macro headwinds and negative technical factors in the coming weeks before witnessing the next rally. The fuel that contributed to the initial surge appears to have run out. However, it seems likely that the cryptocurrency market will face some significant macro and technical hurdles in the coming weeks. These include CPI and PPI data from the USA.