The post Bitcoin Market Faces Continued Volatility in Q3 2024 Amid Regulatory Changes and Economic Uncertainty appeared on BitcoinEthereumNews.com.

The crypto market is expected to experience significant volatility in the coming months according to recent forecasts by leading industry analysts. Despite positive trends earlier in the year, the second and third quarters of 2024 have encountered substantial challenges. David Duong, head of institutional research at Coinbase, stated that the third quarter began on a negative note due to supply overhangs and lackluster market narratives. Get an in-depth look at the anticipated developments in the crypto market, and understand the strategic insights from expert analysts forecasting the future landscape. Crypto Volatility To Persist Through Q3 2024 Industry analysts anticipate enduring market fluctuations driven by ongoing factors such as Bitcoin ETF introductions. David Duong, head of institutional research at Coinbase, noted that the third quarter of 2024 experienced a rough start. Market conditions have been adversely affected by indiscriminate Bitcoin sales from sources insensitive to price changes, like Germany’s Bundeskriminalamt (BKA). Supply Overhangs and Lack of Compelling Narratives Analysts David Duong and David Han from Coinbase foresee continued price volatility in the third quarter of 2024, primarily due to the market’s current lack of strong narratives. According to their analysis, the cryptocurrency sector will likely experience “choppy” price movements as the year progresses. Potential Q4 Rebound Driven By Macro Factors Looking ahead to the fourth quarter of 2024, analysts maintain a more optimistic outlook. Duong highlights the potential impact of factors such as interest rate cuts and the upcoming US election in November. While there are reservations about an economic downturn possibly countering the positive effects of rate reductions, analysts believe a stable economy could unlock liquidity and attract retail investors. Impact of Upcoming US Election The approaching US presidential election adds another layer of complexity. Regardless of the election outcome, potential fiscal expansion could bolster Bitcoin’s appeal as an alternative…

---

Filed under: News - @ July 14, 2024 3:02 am