Crypto Bull Market Still Has Room to Run, Coinbase Says

A mix of strong liquidity, a benign macro backdrop and supportive regulatory signals could keep the crypto market rally alive in the fourth quarter, the report said.

Coinbase analysts expect the crypto bull market to extend into the fourth quarter.

While bitcoin has historically struggled in September, Coinbase says the trend broke in 2023–24 and lacks statistical significance.

Public digital asset treasuries hold over $130 billion in BTC, ETH, and SOL, driving demand for large-cap tokens but potentially setting up consolidation among smaller players, according to the report.$ETH

Coinbase analysts remain optimistic for the fourth quarter, arguing that a mix of resilient liquidity, a favorable macro backdrop and supportive regulatory signals could keep the crypto market rally alive.

Bitcoin BTC$115,477.75, they argue, continues to benefit from macro tailwinds and could outperform market expectations, analysts David Duong and Colin Basco said in a Wednesday report