The cryptocurrency market is showing signs of a potential recovery, according to Coinbase Institutional, driven by improved liquidity and a strong possibility of a Federal Reserve rate cut.

Reasons For Optimism

The potential rebound is attributed to improving liquidity conditions and a significant increase in the likelihood of a Federal Reserve rate cut, which was at 86.2%, according to the CME FedWatch tool, as of Sunday.

Bitcoin (CRYPTO: BTC) was down 0.5% over the last 24 hours, hovering around $89,200 at the time of writing. Ethereum (CRYPTO: ETH) was down 0.03%, hovering around $3,030.

In a post on social media platform X, Coinbase Institutional highlights several factors contributing…

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