Crypto Markets Will Be Driven By Macro Factors After Halving, Coinbase Says

Crypto markets will be driven by macro factors in the short term, Coinbase says. Previous halvings were accompanied by other catalysts in the cryptocurrency ecosystem, which acted as tailwinds. The report says the rise in investors using Bitcoin as a macro hedge has reduced volatility this cycle.. It said “caution should be exercised regarding extrapolation from past cycles and the implications of the halving, given the prevailing macroeconomic conditions.”