Analyst: The cryptocurrency market is expected to improve in March, and the panic will not last long

ChainCatcher news, according to Cointelegraph, with the release of PCE data, Bitcoin prices have rebounded, and optimism is growing regarding a potential easing of macroeconomic conditions next month.

Julien Bittel, head of macro research at Global Macro Investor, stated that the macro environment could have a positive impact on Bitcoin, bringing good news for bulls. He said, "When financial conditions tighten, liquidity dries up, and economic surprises begin to slow down. The 'panic' affecting the market will not last long, and everything will reverse next month."

In the past two months, financial conditions have rapidly improved—USD has fallen, bond yields have decreased, and oil prices have dropped—laying the foundation for a recovery in the cryptocurrency market.