Coinbase says crypto markets resilient after Russia attacks Ukraine

03/04 12:30

According to Coindesk, crypto markets have been reasonably resilient following Russia's attack of Ukraine, however it will be difficult to sustain the current performance given the shock to the broader global financial system, Coinbase said in a report on Thursday. De-risking in the months before the attack and the rapid escalation of the Ukraine conflict led to massive liquidations that forced crypto markets to reach a bottom sooner than expected, Coinbase said. This coupled with the view that the start of such large-scale conflicts tend to be buying opportunities, and the belief that it would be a relatively short lived conflict, have all contributed to the resilience, the note added. These events may have convinced investors that global central banks would take a less aggressive approach to interest rate hikes, the report said. Crypto markets have enjoyed a short term reprieve, but Coinbase said this was due to technical reasons, adding that “positioning has helped crypto markets retrace, but we think they remain in an unstable equilibrium.”
bullishbullishbullish1bearishbearishbearish6ThíchChia sẻ
Tuyên bố miễn trừ trách nhiệmNội dung trên không đại diện cho quan điểm của HTX.HTX không đưa ra bất kỳ lời khuyên giao dịch nào.

Bài viết liên quan

  • Image

    Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

  • Image

    Hope For Altcoin Season: The Bitcoin Move That Could Kickstart Everything

  • Image

    Bitcoin Opens New Opportunities As The MVRV Ratio Falls Below A Key Threshold

Tất cả bình luận0Mới nhấtPhổ biến

avatar
Mới nhấtPhổ biến

Bài viết liên quan

  • Image

    Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

  • Image

    Hope For Altcoin Season: The Bitcoin Move That Could Kickstart Everything

  • Image

    Bitcoin Opens New Opportunities As The MVRV Ratio Falls Below A Key Threshold