Overview

A report from Coinbase suggests that the ongoing crypto bull market may persist into the fourth quarter, driven by robust liquidity, a favorable macroeconomic context, and encouraging regulatory signals.

Key Points

• Analysts from Coinbase expect that Bitcoin will outperform the market based on strong macro conditions.
• The analysts, David Duong and Colin Basco, noted that previous September trends of Bitcoin performing poorly have changed and should not be viewed as significant indicators now.
• Public digital asset treasuries are holding substantial amounts of Bitcoin (over 1 million BTC valued at about $110 billion), along with Ethereum and Solana, which could bolster demand for larger-cap tokens while smaller cryptocurrency assets may undergo consolidation.

Further Insights

In their analysis, Coinbase stated:

“Barring a shock to energy prices we think the immediate risk to disrupting the current U.S. monetary policy path is actually quite low.”

This indicates a steady outlook where regulatory factors and overall market liquidity will support the crypto landscape heading into the holiday season.