Coinbase Sees Crypto Winter Hints in Market Turmoil, Projecting a Q3 2025 Rebound

The crypto market recently experienced a significant downturn, with the total value falling to $906.9 billion on April 9th. Coinbase attributes this to increasing macroeconomic pressures including rising trade tariffs and global monetary tightening. This drop has triggered an alarming decline in funding for crypto startups, which has fallen by over 50% since the peak of 2021-2022. David Duong, Head of Research at Coinbase, believes these trends signal the beginning of a new cryptocurrency winter. He cites waning investor confidence and a shrinking venture capital market as crucial indicators of this potential downturn. 💰