Reserve

Coin

<ul class="news-points"> 
 <li>Grayscale report highlights improved digital asset markets since 2022.</li> 
 <li>Risk to crypto valuations lies in US economic “soft landing.”</li> 
 <li>“If the economy stumbles or the Federal Reserve raises real rates further, the crypto recovery may pause over the near-term,” the report said.</li> 
</ul> 
The crypto industry is currently experiencing a boost from technological advancements and increasingly favorable legal and legislative factors. However, the biggest risk to crypto valuations lies in the macroeconomic outlook, particularly the possibility of a “soft landing” for the US economy. 
In the latest <a href="https://grayscale.com/july-2023-monthly-recap/" target="_blank" rel="noopener noreferrer nofollow">report</a> of Grayscale Investments, Zach Pandl, Managing Director of Research, emphasized the significant improvement in digital asset markets since late 2022. He pointed out that the recovery has been driven by favorable economic data of a mix of low inflation and steady growth, decreasing the perceived likelihood of a recession. 
This positive sentiment in the market has led to an upswing in risk assets’ prices, including prominent cryptocurrencies like Bitcoin. 
<blockquote class="wp-block-quote"> 
 “If the US economy can achieve a soft landing, the rebound in crypto market capitalization can continue.” 
</blockquote> 
Th… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/cryptos-bullish-surge-would-there-be-a-soft-landing-to-expect/">Crypto’s Bullish Surge — Would There be a ‘Soft Landing’ to Expect?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto’s Bullish Surge — Would There be a ‘Soft Landing’ to Expect?

Coin Edition

Other articles published on Aug 3, 2023

Shiba Inu whale activity plummets despite uptick in burn rate

eToro sued down under over 'wholly inadequate' customer checks

VeChain Price Prediction: How High Can VET Go in August 2023?

Crypto and AI mania shine spotlight on Chainlink and Borroe

Litecoin Halving Bullishness Fizzles Out With LTC Price Down 6%

The IEO session for ALLBI is in progress on P2B

Join our free newsletter for daily crypto updates!