Coinbase says Bitcoin, Ethereum current cycles resemble 2018-2022
Bitcoin and Ethereum are seemingly following the pattern of previous years, when their prices jumped by 500% and 1,000% respectively, Coinbase research says. The current crypto market cycle for Bitcoin (BTC) and Ethereum (ETH) closely echoes the period between 2018 and 2022, when both cryptocurrencies witnessed a significant surge in their prices, according to the latest research report conducted by Coinbase Research and Glassnode. As noted by analysts, various metrics of cyclicality, including net unrealized profit/loss and supply in profit, follow the previous trends and indicate that the current state of the crypto markets does not reflect the euphoric conditions witnessed during the maximum of 2023, suggesting the market still has room to surge. Bitcoin price performance since cycle low | Source: Coinbase Research You might also like: Bitcoin ETF applicants ramp up BTC purchases ahead of SEC verdict While acknowledging the potential positive impact of the upcom...