Matrixport released a weekly report pointing out that Bitcoin is experiencing a strong rise driven by multiple positive factors, including the continued inflow of funds into Bitcoin spot ETFs, the expectation of interest rate cuts by the Federal Reserve, and the improvement of the regulatory environment. The report pays special attention to three important time points in December: MicroStrategy may be included in the S&P 500 index on December 6, Microsoft will review the Bitcoin investment proposal on December 10, and the new FASB rules will take effect on December 15, allowing companies to measure crypto assets at fair market value. Looking ahead to 2025, the report predicts that the popularity of crypto assets will exceed the key threshold of 8%. At the same time, factors such as the improvement in the regulatory environment brought about by Trump's possible inauguration in January 2025 and FTX's expected return of $16.5 billion in creditor funds will bring continued benefits to the Bitcoin market. However, the report also reminds that the current RSI indicator shows overbought and consolidation may occur in the short term.
