• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Crypto

Coinbase Sounds The Alarm: Crypto Market Rollercoaster To Persist

Christian Encila
by Christian Encila
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Based on the latest forecasts from top industry analysts, the crypto market seems to be set for a wild ride over the next few months.

Related Reading: US Congress Unites Against AI Deepfake: Watermarking To The Rescue

Crypto Volatility To Persist Through Q3

Driven by the expected introduction of spot Bitcoin ETFs, despite the positive trend of the crypto market earlier this year, the second and third quarters of 2024 have experienced notable headwinds. “The third quarter started on a sour note,” says Coinbase’s head of institutional research, David Duong. 

The market has been much affected by supply overhangs created by indiscriminate Bitcoin selling from price-insensitive sources, notably the German government’s Bundeskriminalamt (BKA), the crypto exchange said.

As the market lacks compelling narratives, Duong and his colleague David Han, an analyst at Coinbase, predict the price movement to stay “choppy” throughout Q3 2024. “For now, we expect the price action to remain choppy in 3Q24, as crypto markets still lack strong narratives,” they said in a late Friday post.

As the analysts focus on the last quarter of the year, their perspective gets more optimistic.

Potential Q4 Rebound Driven By Macro Factors

Looking further to the fourth quarter, Duong observes, possible interest rate drops and the US election in November might have a major impact on the market. Although Coinbase cautions that if there are more general worries about an economic downturn, rate reduction may not always be positive; still, the analysts think that if the economy stays rather strong, the rate cuts could “unlock more liquidity and attract retail participation.”

As of today, the market cap of cryptocurrencies hit $2.11 trillion. Chart: TradingView.com

Another wild card for the approaching US election in November is the possibility for fiscal expansion independent of the result. Regardless of the result of the election, fiscal expansion might help Bitcoin to be positioned as a solid buy at present levels, especially as an alternative to conventional finance, the experts propose.

JPMorgan Analysts Offer Similar Bullish Outlook

Though on a different timescale, experts at JPMorgan mirror Coinbase’s projection and also predict a possible comeback for the cryptocurrency market. Though with a different date, JPMorgan analysts had a similar optimistic view stating crypto markets may recover in August.

Related Reading: Biden’s Crypto SAB 121 Veto Remains Intact As House Override Effort Fails

The Approval Of Spot ETFs Seen As A Positive

The latest legislative developments—the SEC allowing spot ETH ETFs and getting applications for SOL ETFs—offer one encouraging indication for the crypto sector. Although the experts are not sure about the whole effect on ETH prices, from a positioning standpoint they think the prognosis is unlikely to be bad.

This could leave room for surprise outperformance and offer ETH more support, even if the flows take time to materialize, the Coinbase analysts say.

Featured image from Norris Inc., chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Crypto

Hong Kong’s HashKey Pushes Into Digital Asset Treasury With $500M Fund Plan

15 minutes ago
CoinShares

Crypto Asset Manager CoinShares Announces US IPO With $1.2 Billion Merger

1 hour ago
Saylor

Strategy’s Michael Saylor Breaks Into Bloomberg’s Billionaire Rankings

9 hours ago
Bitcoin Hyper Presale Hits $14.4M as Fastest Bitcoin L2 Gains Traction

Bitcoin Hyper Presale Hits $14.4M as Fastest Bitcoin L2 Gains Traction

15 hours ago
Best Altcoins to Buy as Cardano Charts Turn Bullish

Best Altcoins to Buy as Cardano Charts Turn Bullish

17 hours ago
Grok AI’s Top 4 Crypto Presales Poised for Breakout in 2025

Grok AI’s Top 4 Crypto Presales Poised for Breakout in 2025

17 hours ago

Premium Sponsors

Press Releases

  • miner

    COME Mining cloud mining is becoming a new way to play with...

    8 hours ago
  • How ALL4 Mining Cloud Mining Unleashes XRP’s...

    8 hours ago
  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    11 hours ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    12 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.