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Coinbase Institutional: Anticipates Reversal in Crypto Market in December, Potentially Establishing New Momentum
Summary: Coinbase Institutional stated on the X platform that despite ongoing volatility in the crypto market, with improved liquidity, a 92% probability of a Fed rate cut (as of December 4), and increasing macroeconomic factors, a recovery may be seen in December. The so-called 'AI bubble' has not burst yet and still has room to rise. ...
Coinbase Institutional stated on the X platform that despite ongoing volatility in the crypto market, with improved liquidity, a 92% probability of a Fed rate cut (as of December 4), and increasing macroeconomic factors, a recovery may be seen in December. The so-called 'AI bubble' has not burst yet and still has room to rise. Additionally, shorting the US dollar at current levels is attractive, leading to an anticipated market reversal in December and potentially establishing a new momentum for the cryptocurrency market.
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Link: Coinbase Institutional: Anticipates Reversal in Crypto Market in December, Potentially Establishing New Momentum [Copy]
