New York Investment Bank afirma que Crypto Winter ha terminado

• A New York-based investment bank, H.C. Wainwright, claims that the “crypto winter is over, and spring has sprung.” 
• The firm’s analyst, Mike Colonnese, believes that the crypto market is now entering the next bullish cycle for Bitcoin due to the upcoming halving.
• He said that “growth in total crypto market cap, incremental retail and institutional adoption, and higher crypto trading volumes” will be seen.
• The analyst believes that crypto exchange Coinbase is “uniquely positioned to benefit from the large and rapidly growing global crypto economy.”
• El analista ha fijado un precio de $75 por acción en las acciones de Coinbase (COIN), lo que marca un aumento de casi 40% con respecto a su precio comercial actual.

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Crypto winter es una frase popular que representa una caída significativa en los precios de las criptomonedas y un período en el que las empresas relacionadas con la cadena de bloques y las criptomonedas son testigos de cómo sus usuarios y sus ingresos disminuyen en gran medida. Curiosamente, un popular banco de inversión con sede en Nueva York, HC Wainwright, afirma que esta fase bajista en el criptomercado que ha perseguido a los inversores desde 2022 ha terminado y que los buenos días podrían estar a la vuelta de la esquina.

Según un 26 de abril Nota sent out to investors and customers of the investment bank, H.C. Wainwright analyst Mike Colonnese claims that the “crypto winter is over” while adding that the markets “have likely now entered BTC’s next bull price cycle, which has historically resulted in significant growth in total crypto market cap, incremental retail and institutional adoption, and higher crypto trading volumes.”

Taking into account the year-to-date (YTD) metrics, the price of the world’s largest digital asset, Bitcoin (BTC), has rallied 67% in 2023 while the collective worth of the crypto market is up close to 47%, which indicates that the gradual sentiment regarding digital assets is now changing and investors can expect a shift in market movement as the crypto winter nears its end. 

“Crypto winter is over, and spring has sprung.”

Coinbase es una buena compra después del criptoinvierno

The investment bank claims that the leading crypto exchange in the United States, Coinbase (COIN), is a very good purchase with huge upside potential. The bank believes that the company is “uniquely positioned to benefit from the large and rapidly growing global crypto economy,” as it is the only digital asset broker that is publicly listed in the US. 

Colonnese cree que la compañía continuará expandiendo su presencia en el mercado durante el resto del año y emergerá como una de las compañías líderes en el espacio de activos digitales después del criptoinvierno. El analista ha fijado un precio de $75 por acción para las acciones de Coinbase (COIN), lo que marca un aumento de casi 40% con respecto a su precio comercial actual de alrededor de $54.

This bullish prediction for the Coinbase stock was provided by the analyst while taking into account the fact that the crypto exchange will continue to benefit from the “continuation of crypto’s bullish price action in 2023.” It is also important to mention here that the halving of Bitcoin (BTC) will be witnessed in 2024, which is also another bullish indication for the crypto industry. 

According to the data from Alternative.me, the Bitcoin Fear and Greed Index has turned to ‘greed’ after ranging from ‘fear’ to ‘extreme fear’ last year. This indicates that the buying pressure for the cryptocurrency is higher than the selling pressure, a situation contrary to the 2022 crypto winter. 

Como informó anteriormente Bitnation, el intercambio de cifrado adquirió One River Digital Asset Management (ORDAM), que ha sido rebautizado como Coinbase Digital Asset Management (CDAM), a principios de este año como parte de sus planes de expansión. También hay planes para mudarse fuera de los Estados Unidos debido al régimen regulatorio deficiente bajo la presencia de la Comisión de Bolsa y Valores (SEC).

The New York-based investment bank isn’t the only firm that is bullish on the crypto exchange. Recently, it was revealed that Cathie Wood’s American investment management firm, Ark Invest, compró $9.2 millones en acciones de Coinbase (COIN) el 10 de febrero. Ark también compró acciones de COIN el 5 y el 11 de enero.

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