Coinbase Report: Optimistic Outlook for the Cryptocurrency Market in the Second Quarter

ChainCatcher news, according to CoinDesk, Coinbase stated in a research report released on Friday that the development of the cryptocurrency market in the second quarter is positive, and most of the previously identified adverse factors have become a thing of the past. These positive factors may "only become more apparent starting from the second half of April."

The report noted that the Bitcoin halving event, expected to take place from April 16 to 20, remains a major supply-side event. The quadrennial halving refers to the reduction of miner rewards by 50%, thereby decreasing the growth rate of Bitcoin supply.