Coinbase Warns Of Crypto Bear Market, But Says A Recovery In 2025 Is Possible
Coinbase (NASDAQ:COIN) Institutional Research has cautioned investors to adopt a more defensive approach to crypto markets in the near term, warning that recent price declines and deteriorating sentiment suggest a potential “crypto winter” may be underway.
What Happened: In its report published on April 15, the research team highlighted that both Bitcoin (CRYPTO: BTC) and the COIN50 Index have fallen below their 200-day moving averages, a classic indicator of bearish market conditions.
“The total crypto market cap (excluding BTC) has declined 41% since December 2024,” the report noted, bringing the figure down to $950 billion, a level not seen since early 2022.
Coupled with venture capital funding still down 50-60% from its 2021 peak, the report argues these signs “warrant taking a defensive stance on risk …
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