In a recent elucidation, Coinbase, the prominent cryptocurrency exchange, delved into the dynamics currently influencing the cryptocurrency market. The exchange highlighted a noticeable deceleration in overall crypto volumes, attributing it to the market's quest for a compelling narrative to catalyze its next growth phase.
Amidst this backdrop, the Bitcoin halving event, anticipated to occur around April 20 or 21, emerges as a potential pivotal moment. This event, historically a precursor to significant price adjustments, is poised to encounter the inherent challenges of what is traditionally considered a sluggish period for crypto markets, alongside other risk-laden assets.
According to Coinbase's April 5 market commentary, while the Bitcoin halving stands as a prospective trigger for price escalation, it must navigate through
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First found on: Crypto news from Coinatory
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