{"id":22514,"date":"2025-04-17T09:32:12","date_gmt":"2025-04-17T09:32:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22514"},"modified":"2025-04-17T09:32:12","modified_gmt":"2025-04-17T09:32:12","slug":"crypto-market-slumps-41-but-coinbase-sees-q3-comeback","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22514","title":{"rendered":"Crypto Market Slumps 41%, But Coinbase Sees Q3 Comeback"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">If the crypto market feels a little quieter lately, it\u2019s not just you. According to <a class=\"general-link\" href=\"https:\/\/www.coinbase.com\/en-gb\/institutional\/research-insights\/research\/monthly-outlook\/monthly-outlook-apr-2025\" target=\"_blank\" rel=\"nofollow noopener nofollow\">Coinbase\u2019s April 2025 Monthly Outlook<\/a>, the numbers confirm what many traders and builders have sensed: we\u2019re deep in a cooldown. However, there could be a crypto rebound later this year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The altcoin market cap\u2014that\u2019s everything except Bitcoin\u2014has dropped about 41% since December, falling from $1.6 trillion to around $950 billion. Ouch. It\u2019s not quite full meltdown territory, but it\u2019s a hefty comedown testing patience across the board.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4e2.png\" alt=\"\ud83d\udce2\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> New Coinbase report! <\/p>\n<p>Crypto entering bear territory with total market cap down 41% from December peak. COIN50 index below 200-day MA signals continued weakness. But potential stabilization late Q2, recovery in Q3 possible if global conditions improve<a href=\"https:\/\/twitter.com\/hashtag\/CryptoMarkets?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#CryptoMarkets<\/a> <a href=\"https:\/\/t.co\/rdiwvNjhbh\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/rdiwvNjhbh<\/a><\/p>\n<p>\u2014 NeomaVentures (@NeomaVentures) <a href=\"https:\/\/twitter.com\/NeomaVentures\/status\/1912488646604911036?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">And it\u2019s not just prices. Venture capital funding, the lifeblood for startups building in the space, is also down. Compared to the 2021\u20132022 peak years, VC interest has plummeted by 50\u201360%. Why? Mainly because the macro environment is messy. Inflation, rate changes, geopolitical tensions, and lingering fear that the other economic shoe could drop have made investors skittish. The result? Fewer checks, slower rounds, and a lot of \u201clet\u2019s wait and see.\u201d<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Indicators of Market Sentiment<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Coinbase\u2019s head of research, David Duong, isn\u2019t sugarcoating it. He says the data shows we\u2019ve entered a neutral-to-bearish market, and that the bull run likely topped out in February. That timing lines up with many traders asking, \u201cWait\u2026 was that it?\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He points to a few key indicators, including the 200-day moving average, which showed that between November 2021 and November 2022, Bitcoin dropped a lot, about 76%, but when you adjust for risk, that drop was similar to the S&amp;P 500\u2019s 22% decline.<\/span><\/p>\n<figure id=\"attachment_226656\" aria-describedby=\"caption-attachment-226656\" style=\"width: 1101px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-226656 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average.png\" alt=\"bull and bear cycles in BTC markets identified by 220 day moving average\" width=\"1101\" height=\"639\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average.png 1101w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average-300x174.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average-1024x594.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average-768x446.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average-50x29.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average-308x179.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-identified-by-220-day-moving-average-350x203.png 350w\" sizes=\"(max-width: 1101px) 100vw, 1101px\"><figcaption id=\"caption-attachment-226656\" class=\"wp-caption-text\">Source: Coinbase<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In other words, both had big moves relative to what\u2019s normal for them, even if the percentages look very different.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another metric that was examined was the Bitcoin Z-score (which basically measures how extreme current prices are compared to historical norms). Both are flashing yellow, not red, but definitely not green<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<figure id=\"attachment_226654\" aria-describedby=\"caption-attachment-226654\" style=\"width: 1083px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-226654 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window.png\" alt=\"bitcoins risk adjusted performance vs 365d rolling window\" width=\"1083\" height=\"668\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window.png 1083w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window-300x185.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window-1024x632.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window-768x474.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window-50x31.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window-308x190.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bitcoins-risk-adjusted-performance-vs-365d-rolling-window-350x216.png 350w\" sizes=\"auto, (max-width: 1083px) 100vw, 1083px\"><figcaption id=\"caption-attachment-226654\" class=\"wp-caption-text\">Source: Coinbase<\/figcaption><\/figure>\n<p>Z-scores work well for crypto because they adjust for how wild the price swings can be, but they\u2019re imperfect. They\u2019re a bit harder to calculate and don\u2019t always pick up on trends quickly, especially in calmer markets. For example, the model showed the last bull run ended in late February, but since then, it\u2019s called everything \u201cneutral,\u201d which shows it can lag behind when the market shifts fast.<\/p>\n<figure id=\"attachment_226655\" aria-describedby=\"caption-attachment-226655\" style=\"width: 1081px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-226655 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score.png\" alt=\"bull and bear cycles in BTC markets by Z-score\" width=\"1081\" height=\"609\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score.png 1081w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score-300x169.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score-1024x577.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score-768x433.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score-50x28.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score-308x174.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/bull-and-bear-cycles-in-BTC-markets-by-Z-score-350x197.png 350w\" sizes=\"auto, (max-width: 1081px) 100vw, 1081px\"><figcaption id=\"caption-attachment-226655\" class=\"wp-caption-text\">Bitcoin\u2019s 200-day moving average. Source: Coinbase<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">So yeah, it\u2019s fair to call this moment what it is: a pause, a reset, maybe even the early days of another \u201cmini crypto winter.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6800c74228302\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_6800c74228302-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_6800c74228302-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6800c74228302-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6800c74228302-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6800c74228302-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6800c74228302-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6800c74228302-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6800c74228302-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6800c74228302-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6800c74228302-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_6800c74228302-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_6800c74228302-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Potential for Crypto Rebound in the Second Half of 2025<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">But, and it\u2019s a big but, Duong also sees light at the end of the tunnel. While Q2 might be bumpy, Q3 could look very different.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Why the optimism? According to Coinbase, these types of pullbacks can be healthy. They shake out the noise, reset valuations, and cool down overheated sentiment. And once sentiment bottoms out, a rebound can hit fast and hard, especially if the macro picture improves or new narratives kick in.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">That\u2019s not a promise, of course. But it is a reminder that crypto\u2019s cycles are cyclical. Things go down, but they often come back stronger.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Right now, the market is taking a breather. Prices are down, funding is tighter, and many investors are on the sidelines. But as Coinbase points out, that doesn\u2019t mean it\u2019s game over. These pauses often lay the groundwork for the next wave, especially if confidence returns and macro headwinds calm down.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, whether you\u2019re building, investing, or just watching from the sidelines, keep an eye on the second half of 2025. There could be a crypto rebound and the market might surprise you, again.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Altcoin market cap has dropped 41% since December 2024, falling from $1.6 trillion to around $950 billion.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Venture capital funding in crypto is down 50\u201360% from peak levels, as investors navigate macroeconomic uncertainty.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Coinbase research suggests the market is in a neutral-to-bearish phase, with indicators like the 200-day average and Bitcoin Z-score flashing caution.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Despite the downturn, Coinbase sees potential for a Q3 rebound, noting that cooldowns often reset valuations and sentiment before recovery.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        While Q2 may remain choppy, the second half of 2025 could mark the start of a new wave\u2014if macro conditions stabilize and new narratives emerge.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/crypto-market-slumps-41-but-coinbase-sees-q3-comeback\/\">Crypto Market Slumps 41%, But Coinbase Sees Q3 Comeback<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If the crypto market feels a little quieter lately, it\u2019s not just you. According to Coinbase\u2019s April 2025 Monthly Outlook, the numbers confirm what many traders and builders have sensed: we\u2019re deep in a cooldown. However, there could be a crypto rebound later this year. The altcoin market cap\u2014that\u2019s everything except Bitcoin\u2014has dropped about 41% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22514","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22514"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22514\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}