Coinbase and Glassnode say the crypto market has entered an initial recovery amid rate hikes

AT A GLANCE

Coinbase and Glassnode believe that Bitcoin rose 43%when rates were rising and U.S. Treasury yields were increasing, and that the market has entered an initial recovery.

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Coinbase Q4 Market outlook: Prices have bottomed, with further upside opportunities remaining amid rate hikes

Despite rate hikes and U.S. Treasury yields reaching 2002-year highs, Bitcoin nevertheless rose 43%; Glassnode and Coinbase believe the market has moved from bottoming into an initial recovery.

Source: https://www.panewslab.com/zh/articles/01a148f0-7cd6-718c-8677-48994bf37306

Key points

The original text says that U.S. Treasury yields reached 2002-year highs.
The original text says that Bitcoin rose 43%。
Glassnode and Coinbase believe that the market has moved from bottoming into an initial recovery.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This content expresses institutions’ assessment of the market phase: despite the backdrop of rate hikes and rising U.S. Treasury yields, Bitcoin was still described as having risen 43%, and Glassnode and Coinbase therefore characterized the market as shifting from bottoming to an initial recovery.

Why it matters to readers

If market participants accept this assessment, they may pay more attention to whether Bitcoin can continue rising and whether the market recovery will persist. However, the original text does not prove that prices will necessarily rise subsequently.

Beginners should distinguish between the described price performance and institutional assessments: “rose 43%” is data stated in the original text, while “bottoming” and “initial recovery” are opinions and do not represent a certain trend or investment guarantee.

Risks and unknowns

The original text does not specify the start and end times, pricing basis, or data source for Bitcoin’s rise of 43%.
The original text does not provide U.S. Treasury yield data or a specific tenor, so “2002-year highs” cannot be verified.
“Prices have bottomed” and “initial recovery” are market assessments that have not yet been substantiated by the original text.
The evidence consists only of a summary and an article link and does not include the complete Coinbase and Glassnode reports or the basis for their analyses.

Coinbase and Glassnode say the crypto market has entered an initial recovery amid rate hikes

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