Coinbase: Cryptocurrency Market Will Be Driven by Macro Factors After Bitcoin Halving

Coinbase (COIN) stated in a research report on Thursday that although the fundamentals of cryptocurrency are still strong, the direction of the digital asset market after the halving of Bitcoin is more likely to be driven by macroeconomic factors. Analyst David Han wrote: "These factors are largely exogenous factors of cryptocurrency, including intensified geopolitical tensions, rising long-term interest rates, inflation and rising national debt."