Coinbase: Bearish trend on the crypto market will dominate until the end of 2023

Many bitcoin supporters, such as Tim Draper, believe the cryptocurrency market will recover quickly after the FTX crash. The largest digital currency, they believe, will resume its expansion in the very near future.
However, Coinbase analysts, on the contrary, predict the dominance of bearish sentiment in the cryptosphere, at least until the end of 2023.
Their report said that the FTX bankruptcy scared away many investors. As a result, the industry faced a massive institutional and retail capital outflow.

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