The largest cryptocurrency exchange in the US, Coinbase, addressed the factors that could determine the direction of the market after the halving.
In the report published by Coinbase on April 18th Thursday, predictions were made regarding Bitcoin halving. The report suggested that after the halving, the cryptocurrency market could be driven by macroeconomic factors.
The Coinbase team, pointing out that the current macroeconomic environment is tense, emphasized that differences could be seen between the past post-halving periods and this time.
Coinbase analyst David Han stated that geopolitical tensions, high interest rates, and inflation winds could steer the crypto market:
These factors are largely external to crypto and are linked to increased geopolitical tensions, longer periods of high interest rates, reflation, and increased national debts. These factors could determine the direction of the cryptocurrency market after halving.
Bitcoin halving is expected to take place around 02:30 AM on April 19th UTC.
