Bitcoin And altcoins While trying to combat the decline, a positive report came from Coinbase, the largest cryptocurrency exchange in the USA.
BTC Although April, which is generally known as the rising month, and the second quarter started with a decline, Coinbase said that the second quarter looked positive for BTC and cryptocurrencies.
At this point, Coinbase analysts He stated that the positive factors for BTC and cryptocurrencies will emerge clearly from the second half of April.
Coinbase analysts David Duong and David Han said Stating that the Bitcoin halving continues to be the main positive factor, he stated that institutional interest in the crypto sector continues to be high:
“As the main positive factor, the Bitcoin halving is a positive factor on the supply side of BTC, while on the demand side there are spot Bitcoin ETFs that were approved in January.
As the demand for BTC increases thanks to spot ETFs, we think more banks will start to evaluate BTC ETFs. Because the 90-day period used by many banks when evaluating new financial offers such as spot BTC ETFs may end as early as April 10.
This means new banks can approve BTC ETFs. “
In this context, Coinbase stated that companies such as LPL Financial, which is considered the largest independent broker-dealer in the USA, may soon approve spot BTC ETFs. “Approving ETFs from big names like LPL Financial could unlock significant capital for BTC ETFs in the medium term.” said.
*This is not investment advice.
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