Coinbase: Market uncertainty persists, making direction difficult to call

Coinbase Institutional has issued a neutral outlook on the market, stating that it is difficult to provide a clear directional forecast at present. According to Cryptopolitan, Coinbase noted that the recent macroeconomic environment has made predictions highly uncertain. The firm also explained that as the war between the U.S. and Iran weakens expectations for fiscal and monetary policy, investors are increasing their cash holdings at the fastest pace since 2020. A Bank of America survey showed that cash holdings rose by approximately one percentage point in a single month to reach 4.3%, the fastest rate of increase in the past five years.