The performance of Ethereum (ETH) has raised concerns due to on-chain factors and broader economic trends affecting investor sentiment. Analysts, including David Duong from Coinbase, discuss the challenges and inflation impacting the network.
Coinbase warns investors about potential short squeeze fueling a temporary crypto market rebound. The current volatile market saw Bitcoin dip below $50,000.
Coinbase analyst David Duong suggests the possibility of a short squeeze as the market tries to stabilize.
Historical data shows August as a quiet month for Bitcoin, with significant downturns in trading volumes and asset value. Coinbase and other analysts expect this trend to continue in 2023, possibly impacting market volatility and future price movements.
Bitcoin's price surge may meet limitations due to rising sell orders, according to Coinbase analysts.
El mercado de Bitcoin enfrenta volatilidad continua en el tercer trimestre de 2024 debido a cambios regulatorios e incertidumbre económica, según analistas líderes.
Analistas de Coinbase predicen un mercado de Bitcoin agitado y temores de recesión en el tercer trimestre de 2024.
