TechFlow news, according to the Coinbase weekly report, the U.S. economy may have peaked in the second quarter of 2024. Analysts noted that if the economy falls into recession, retail investors might be unwilling to enter new stock or cryptocurrency markets. Despite expectations of interest rate cuts, markets could still perform poorly due to economic slowdown.
Coinbase also mentioned that regardless of which candidate wins, the November U.S. election could trigger more fiscal expansion, creating a strong incentive to buy Bitcoin as an alternative to the traditional financial system. Additionally, Ethereum could perform well with inflows from spot Ethereum exchange-traded funds.
Add to Favorites
Share to Social Media
