Bitcoin

David Vance

Optimism

Read

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>In its latest report, cryptocurrency exchange Coinbase delves into why Bitcoin prices have not seen a significant increase recently.</li> 
 <li>Coinbase suggests that Bitcoin’s recent weakness is more linked to global markets than any crypto-specific factors.</li> 
 <li>Despite the pullback, Coinbase maintains its optimism, citing the historical range of Bitcoin’s maximum drop from its peak.</li> 
</ul> 
<p><strong>Coinbase’s latest report explores the reasons behind Bitcoin’s recent price stagnation, suggesting a link to global markets rather than crypto-specific factors.</strong></p> 
<h2 id="strong-bitcoin-s-recent-weakness-linked-to-global-markets-strong"><strong>Bitcoin’s Recent Weakness Linked to Global Markets</strong></h2> 
<p>In a recent research report, Coinbase pointed out that Bitcoin’s recent weakness is more tied to global markets than any crypto-specific factors. Bitcoin, the world’s largest cryptocurrency, recorded its biggest monthly drop since June 2022, falling by 16% in April. Coinbase noted that both stocks and gold have been trading lower since reaching high levels in mid-April, indicating that Bitcoin’s recent weakness is not exclusive to the crypto markets and does not signal sector-specific capitulation.</p> 
<h3 id="strong-coinbase-maintains-optimism-despite-pullback-strong"><strong>Coinbase Maintains Optimism Despite Pullback</strong></h3> 
<p>Despite the pullback, Coinbase maintains its optimism. Analysts David Han and David Duong wrote, “What makes us optimistic in this pullback is that BTC’s maximum drop from the peak is 23%, which is below the historical range.” The authors believe that the general trend of decreasing declines will continue, partly due to the legitimization of BTC as a macro asset. This situation is reinforced by spot ETFs in the US, Canada, and Europe, as well as recently launched ETFs in Hong Kong and new applications in Austra... <a href="https://en.coinotag.com/why-isnt-bitcoin-btc-price-rising-lately-coinbase-official-report-reveals-the-reason-behind-the-weakness/">Read the full article for FREE at COINOTAG!</a></p>

Why Isn’t Bitcoin (BTC) Price Rising Lately? Coinbase Official Report Reveals the Reason Behind the Weakness

Table of Contents

COINOTAG NEWS

Other articles published on May 3, 2024

Why Bitcoin Spiked Above $62,000 Following The April Jobs Report

Losses for 89% of Gary Gensler’s Praised Token Holders

Legendary Analyst Makes Bullish Statement About Fast-Rising Solana Meme Coin Trading Under $0.01,...

Trading Expert Who Flipped $10,000 Into $500,000 Trading Dogwifhat (WIF) in Q1 2024 Has Accumulat...

Upbit Listing for ZETA and OMNI Leads Up to 40% Price Rally

Crypto Prices Today May 3: Bitcoin Nears $60K As Ethereum & Other Altcoins Recover

Join our free newsletter for daily crypto updates!