Cryptocurrency financial services platform Matrixport said that Bitcoin’s current strong performance may continue until December, and there will be three major events worthy of attention in the US regulatory field in December. (Previous summary: Opinion) If the United States becomes a Bitcoin mining and AI center, UHV transformers will become Trump’s new concept stock) (Background supplement: Michael Saylor: Bitcoin is the destiny of the United States! Optimistic about Congress passing 5 years to buy 1 million BTC bill) Since Trump won the final victory in the US election at the beginning of this month, the cryptocurrency market has ushered in a celebration. Bitcoin has continued to break through multiple price levels and hit a record high of $93,200 on November 14. . Although Bitcoin has fallen slightly in the past two days, the price remains near US$91,000 at the time of writing, at US$91,607, an increase of 3.2% in the past 24 hours. Bitcoin trend. Picture source: OKX Matrixport: Bitcoin’s strong performance will continue until December Against this background, the cryptocurrency financial services platform Matrixport released a weekly report yesterday (15th) stating that Bitcoin’s strong performance is expected to continue until December: After experiencing After seven months of consolidation, we have identified several factors driving Bitcoin’s price range expansion. Bitcoin spot ETFs have experienced unusual inflows, starting with a 50 basis point interest rate cut in mid-September. Federal Reserve Chairman Powell assured the market that the rate cut cycle will be extended, which further expanded inflows into spot ETFs. Bitcoin’s strength is expected to continue into December, driven by rising prices and increased media attention, attracting new investors. Optimism will also surround Trump’s inauguration on January 20, 2025, which may lead to a more favorable regulatory environment for cryptocurrencies, including the appointment of a new SEC Chairman. Additionally, expectations that FTX will soon announce a $16.5 billion return to creditors may also support market sentiment. These factors create a favorable backdrop for continued bullish sentiment and Bitcoin price stability. Three major things to watch in December Matrixport continues to add that they believe that by 2025, cryptocurrencies will cross the 8% penetration threshold, which will serve as an important turning point and lay the foundation for greater adoption in the future. In the last month of this year, the US regulatory field will also usher in three important changes: On December 6, S&P Global may include micro-strategies in the S&P 500 Index, which will promote the entry layout of index funds; On December 10, Microsoft will review a proposal to invest in Bitcoin despite the objections of the board of directors; starting on December 15, the Financial Accounting Standards Board (FASB) will introduce new regulations to allow crypto assets to be listed at fair market value company financial reports, which will encourage finance departments to include Bitcoin on their balance sheets. But in the end, Matrixport still reminds investors that when Bitcoin’s relative strength index RSI reaches the overbought level, or the 30-day rolling return exceeds +40%, the currency price may also consolidate as the momentum cools down, but this is also the case It also does not affect the long-term bullish view of Bitcoin. Related reports: The first Bitcoin project listed on Coinlist! $TAP breaks 11 mg as soon as it goes online. How does Tap Protocol empower the BTC ecosystem? Guoke Special Article) Bitcoin fixed investment experiment: 500 days of non-stop results disclosed. Bhutan’s national Bitcoin holdings account for one-third of GDP. Can Bitcoin become the new favorite of global reserves? "Matrixport: Bitcoin will remain strong in December, and these 3 major U.S. events may become market catalysts." This article was first published in BlockTempo (Dong District Dong Trend - the most influential blockchain news media).

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