Coinbase Predicts: US Economy Peaked, Crypto Investment Appetite to Decline

IconCryptoNewsTerminal Staff12 Jul, 2024

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Coinbase Predicts: US Economy Peaked, Crypto Investment Appetite to Decline

According to a report by Coinbase, the U.S. economy may have already reached its peak in the second quarter of 2023. This has led to a decline in investment activity among individual crypto investors. Coinbase analysts believe that the U.S. economy is slowing down, and that the Federal Reserve may lower interest rates in September in an attempt to stimulate growth. However, they warn that such rate cuts may not lead to a clear uptrend in the markets due to growing concerns of a recession. If the U.S. economy does enter a recession, Coinbase predicts that individual investors will be hesitant to invest in stocks or cryptocurrencies. This could lead to a further decline in crypto investment activity in the coming months.

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