Analysts: Cryptocurrency market is expected to improve in March, and panic will not last long
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Golden Finance reported that with the release of PCE data, Bitcoin prices have rebounded, and people's optimism about the ease of macroeconomic conditions next month is growing. Julien Bittel, head of macro research at Global Macro Investor, said good news for bulls when the macro environment may have an impact on Bitcoin, saying: "When financial conditions tighten, liquidity will run out and economic surprises will start to slow down. The "panic" that affects the market will not last long, and it will all reverse next month. Financial conditions have improved rapidly in the past two months - falling US dollar, falling bond yields, falling oil prices - which has laid the foundation for the recovery of the cryptocurrency market."