04-27-2023 icon

New York Financial Firm Says Bear Market Has Ended, Predicts Bullish View for Coinbase

By Lucy Adegbe

Reviewers from the well-known New York-sited financing firm H.C. Wainwright have published a wrap-up of the bear market. 

The financing firm commenced analysis of the American digital currency trading platform Coinbase with a “buy” estimation, highlighting that the firm will profit from the developing digital currency space globally.

In a Wednesday address to investors, Wainwright reviewer Mike Colonnese noticed that aggregate digital currency asset value improved by 45% between the past and the current year, followed by a 67%  rise in the value of BTC.

As noted by the reviewer, the market has possibly commenced entry into the next Bitcoin bullish era, which has caused a major increase in the overall digital currency market capitalization and crypto acceptance.

Colonnese buttressed that Coinbase is distinctively in the right position to gain from the all-around increased growth of the digital currency sector as it records as the biggest traded digital platform in a global view.

Consequently, the financing firm anticipates that the platform increases its shares in the digital currency space throughout the current year.

Wainwright reviewers are not the only ones that think that the wrap-up of the bear market is here. In a discussion session with Cointelegraph, professional digital currency trader Philip Swift emphasized his thoughts that the crypto winter had already come to an end.