Coinbase says crypto market has bottomed despite Fed tightening
- —Bitcoin rose 43% in Q3 to $83,600, outperforming gold and equities
- —The Fed hiked 25 bp to 3.75–4.00%; the 10-year Treasury yield hit 5.29%
- —US spot bitcoin ETFs took in $7 billion in Q3, lifting AUM to $127 billion
- —Ethereum DeFi TVL grew from $37 billion to $53 billion as ETH beat BTC by about 20%
Why it matters: The report frames Q4: recovery holds only above $90,000–94,000, while a break below the 200-day average near $71,000 would invalidate the thesis.
Source: ChainCatcher 链捕手