$ETH The cryptocurrency market is bearish, but a recovery is expected in the third quarter, according to Coinbase

Coinbase reports on a contracting cryptocurrency market and bearish signals, but anticipates a possible recovery by the end of 2025.

The cryptocurrency market is bearish, but a recovery is expected in the third quarter, according to Coinbase

A monthly review of the market by the U.S. publicly traded cryptocurrency exchange Coinbase shows that, although the cryptocurrency market has contracted, it appears to be gearing up for a better quarter.

According to Coinbase's monthly outlook on April 15 for institutional investors, the market capitalization of altcoins decreased by 41% from its December 2024 peak of $1.6 trillion to $950 billion by mid-April. Data from BTC Tools shows that this metric hit a low of $906.9 billion on April 9 and stood at $976.9 billion at the time of writing this article.