Bitcoin's resilience and correlation with traditional markets like equities and gold are reinforcing its role as a macro asset, drawing institutional attention through mechanisms like ETFs, according to Coinbase analysts. Recent trading patterns show Bitcoin rebounding strongly, supported by solid trading volumes, indicating a robust market recovery.

Macroeconomic factors, such as the U.S. Federal Reserve's policy decisions, are significantly influencing the cryptocurrency market. Investors anticipate these decisions to inject more liquidity and lower borrowing costs, potentially favoring risk assets like Bitcoin.

The Bitcoin community is also closely watching the next halving event in 2024, which historically triggers a price increase due to tightened supply. Analysts predict a positive Bitcoin performance in upcoming quarters, driven by reduced supply post-halving and favorable macroeconomic conditions. They recommend integrating Bitcoin into diversified portfolios as a resilient asset that can withstand various market conditions and yield high returns.