Coinbase expects improvement in the crypto market in December.

Coinbase Maintains Institutional Optimism

Coinbase Institutional sees potential for improvement in the crypto market in December, citing enhancements in liquidity conditions and changes in macroeconomic circumstances that could support risky assets like Bitcoin.

The firm's optimism is supported by rising expectations for Federal Reserve interest rate cuts. The market anticipates a 93% probability of a rate easing next week. Additionally, improvements in liquidity conditions are noteworthy.

Institutional Developments Support Bitcoin

Recent institutional developments, such as Vanguard’s change in crypto ETF policy and Bank of America’s approval of crypto allocation, have been factors supporting Bitcoin’s recovery from recent lows.