{"id":28833,"date":"2024-04-08T00:17:29","date_gmt":"2024-04-08T00:17:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-halving-faces-seasonal-market-slowdown-says-coinbase\/"},"modified":"2024-04-08T00:17:29","modified_gmt":"2024-04-08T00:17:29","slug":"bitcoin-halving-faces-seasonal-market-slowdown-says-coinbase","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-halving-faces-seasonal-market-slowdown-says-coinbase\/","title":{"rendered":"Bitcoin Halving Faces Seasonal Market Slowdown, Says Coinbase"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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As the cryptocurrency community braces for the Bitcoin halving event anticipated to take place on April 20 or 21, Coinbase has offered insights into potential challenges and market expectations. According to the cryptocurrency exchange, the halving is eyed by many as a potential catalyst for a price increase. However, it occurs during what Coinbase describes as a \u201cweak time of year for crypto markets and other risk assets,\u201d suggesting that the timing might not be ideal for the significant boost traders hope for.<\/p>\n

In its market commentary report dated April 5, Coinbase stated, \u201ctotal crypto volumes are slowing down due to the market attempting \u2018to find the next narrative to power it higher,’\u201d<\/em> underscoring the current state of the market, where trading volumes are witnessing a downturn as participants look for new drivers.<\/p>\n

Regarding the Bitcoin halving specifically, Coinbase articulated, \u201cThe BTC halving<\/a>, currently due April 20 or 21, could be a catalyst for higher prices, but it will have to contend with what is typically a weak time of year for crypto markets and other risk assets.\u201d\u00a0<\/em><\/p>\n

Additionally, Coinbase notes a continuing trend in the market\u2019s behavior, stating, \u201coverall crypto volumes have also continued to slow as the market tries to find the next narrative to power it higher.\u201d<\/em><\/p>\n

The Silver Lining<\/h2>\n

Yet, amidst these challenges, Coinbase sees a silver lining with the potential influx of new investors into the crypto market. The exchange believes that Bitcoin\u2019s increasing acceptance as a form of \u201cdigital gold\u201d might attract a new subset of investors. \u201cIn our view, bitcoin\u2019s increased acceptance as a form of \u2018digital gold\u2019 could enable demand from a new subset of investors in this market regime,\u201d<\/em> Coinbase expressed, highlighting the optimistic outlook for broader market participation.<\/p>\n

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5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Coinbase also suggests that any downward trends in Bitcoin<\/a>\u2018s price might not be as pronounced as in previous cycles, given the expected active engagement from new and existing investors. \u201cAs a result, we think dips are likely to be more aggressively bought compared to previous cycles, even as volatility persists during price discovery,\u201d<\/em> the exchange commented, indicating a potentially more resilient market posture in the face of volatility.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) As the cryptocurrency community braces for the Bitcoin halving event anticipated to take place on April 20 or 21, Coinbase has offered insights into potential challenges and market expectations. According to the cryptocurrency exchange, the halving is eyed by many as a potential catalyst for a […]<\/p>\n","protected":false},"author":5,"featured_media":28834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28833"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28833"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28834"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}