Coinbase: The U.S. economy may peak in Q2, and will continue to fluctuate in the next two months, but the situation may improve by the end of September

Coinbase released a weekly report saying that the U.S. economy may peak in the second quarter of 2024-this is one of the reasons why analysts believe that the Federal Reserve will start cutting interest rates from September 18. If the U.S. economy then falls into recession, retail investors' interest in holding new stock or cryptocurrency positions will decrease sharply. In addition, Coinbase analysts David Duong and David Han said that no matter which presidential candidate wins, the U.S. election in November is likely to trigger more fiscal expansion. "This is a strong motivation to buy Bitcoin as an alternative to the traditional financial system. Overall, we think there may be more volatility in the next two months, and the situation will not begin to improve significantly until the end of September." (TheBlock)