Analyst: The crypto market is expected to improve in March, the panic will not last too long
According to Cointelegraph, with the release of PCE data, Bitcoin prices have rebounded and people's optimism about a relief in macroeconomic conditions next month is growing.
Julien Bittel, Director of Macro Research at Global Macro Investor, said that the macro environment could bring good news for Bitcoin bulls. He stated: "When financial conditions tighten, liquidity will be exhausted and economic surprises will start to slow down. The 'panic' affecting the market won't last too long; everything will reverse next month.
In the past two months, financial conditions have improved rapidly - with a fall in the dollar value, bond yields dropping and oil prices falling - laying a foundation for recovery in the cryptocurrency market."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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