Coinbase Forecasts Market Uptick in December Driven by Potential Rate Cuts

Coinbase anticipates a market shift for crypto assets in December, potentially spurred by anticipated interest rate cuts from the U.S. Federal Reserve. The exchange believes this could result in increased investor activity and significant inflows into digital assets after months of stagnation and bearish sentiment. The report highlights that the potential easing of monetary policy might lead to more favorable financial conditions, enticing investors back into risk-on assets like cryptocurrencies as they seek higher returns. Coinbase analysts point to historically low interest rates encouraging capital flows towards these assets.