Analyst: The cryptocurrency market is expected to improve in March and the panic will not last long

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ODAILY
02-28
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Odaily reports that with the release of PCE data, the price of Bitcoin has rebounded, and the optimistic sentiment that the macroeconomic situation will ease next month is growing. Juliet Bittel, head of global macro research at Global Macro Investor, said that the macroeconomic environment could bring good news for the bulls on Bitcoin, stating: "When financial conditions tighten, liquidity will be depleted, and economic surprises will start to slow down. The 'panic' affecting the markets will not last too long, and all this will be reversed next month. Over the past two months, financial conditions have improved rapidly - the US dollar has fallen, bond yields have fallen, and oil prices have fallen - laying the foundation for the recovery of the cryptocurrency market." (Cointelegraph)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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