Coinbase Makes Bold Bitcoin Prediction For December Despite Market Downturn

Coinbase expects the crypto market to enter a recovery phase in December as liquidity improves and selling pressure from long-time Bitcoin holders eases.

On December 5, the US-based crypto trading platform said market conditions have shifted in recent weeks, pointing to fresh capital inflows, tighter spreads, and stronger macro support.

The exchange highlighted a jump in expectations for a Federal Reserve rate cut, with CME FedWatch showing odds near 90 percent for the December 10 meeting.

It added that the recovery in liquidity marks a sharp turn from the persistent outflows that defined October and November.

Indeed, broader money-supply data appear to support the thesis. Federal Reserve figures show M2 has climbed to a record $22.3 trillion, topping its early-2022 peak after a rare multiyear contraction.

U.S. M2 Money Supply hits new all-time high of $22.3 Trillion