Coinbase: Liquidity, policy, stablecoins to drive Q4 crypto market

The cryptocurrency market will be supported by three key factors in the fourth quarter: liquidity conditions, policy developments, and stablecoin growth, according to a report from Coinbase Institutional. The analysis, cited by CoinDesk, highlights an expansion in the global broad money (M2) supply, a metric that BTC's price tends to lag. The report also suggests that the U.S. Federal Reserve's projection of two interest rate cuts this year could revive appetite for risk assets. Finally, it notes that both the supply and trading volume of stablecoins are trending upward.