Bitcoin (BTC) Costs Could also be Positively Impacted by, However Different Elements Nonetheless at Play: Coinbase

“Bitcoin doesn’t function in a vacuum,” and its value is affected by different influences, reminiscent of macro components, Coinbase mentioned. The report famous that a lot of bitcoin’s outperformance after the earlier halving in Might 2020 got here in an “setting with terribly unfastened financial coverage and traditionally robust fiscal stimulus in response to the Covid-19 pandemic.”