The medium to long term outlook for the cryptocurrency market has been "reinforced to the upside" following recent turmoil in the U.S. banking industry, Coinbase (COIN) said in a report Friday."Cryptocurrencies have exhibited some resilience, in part due to technical reasons," but also because more people "now appreciate the fundamental value proposition of having an alternative to the points of failure inherent in the traditional financial system," wrote David Duong, head of institutional research.
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