Bitcoin ‘Materially Undervalued,’ Coinbase Report Says—But What About ETH?

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Coinbase (NASDAQ:COIN) has maintained a neutral outlook for the crypto market in Q2, citing persistent macroeconomic uncertainty while pointing to early signs of stabilization across major digital assets.

Macro Forces Dominate Near-Term Outlook

In its latest Charting Crypto report, Coinbase said global factors, including inflation risks, potential oil supply disruptions, and slowing economic growth, are continuing to drive market behavior.

The firm noted that while crypto-specific developments such as CLARITY Act and Post-Quantum Cryptography remain relevant, they are currently overshadowed by broader macroeconomic conditions.

As a result, Coinbase recommends a balanced approach to risk and return in the near term.

Despite the cautious stance, the report …

Full story available on Benzinga.com

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