Kobeissi Letter: Crypto Crash Is Just a ‘Growing Pain,’ Market Near Bottom

The recent crypto market decline is a temporary setback, according to the Kobeissi Letter. In a tweet thread, the macro research firm claims the downturn is part of a broader shift in market dynamics and not an indication of underlying crypto value devaluation. They point to a record $137 trillion global money supply as a sign that liquidity will soon increase further with Japan’s $110 billion stimulus package and President Trump’s planned $2,000 checks for eligible Americans. The firm suggests this will help the market stabilize and reach its next peak.