Coinbase: The cryptocurrency market is developing well in the second quarter
Coinbase (COIN) said in a research note released on Friday that the cryptocurrency market is in good shape in the second quarter and that most of the headwinds identified previously are now a thing of the past. These positive factors may "only become more apparent from the second half of April." The report said that the Bitcoin reward halving, expected to take place from April 16 to 20, remains the main event on the supply side. The four-year halving is when miner rewards are reduced by 50%, thereby reducing the growth rate of Bitcoin supply.
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