Matrixport called Bitcoin's breakdown of $40,000 "inevitable"

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Bitcoin is capable of exceeding $40,000 by the end of the year after the settlement of claims by US authorities against Binance and its ex-CEO Changpeng Zhao. This was announced by Matrixport

In light of the news, Bitcoin went into a temporary correction, but rebounded from $36,000, confirming a strong trend in which growth above $40,000 looks “inevitable,” experts said

Based on the chart below, analysts assume an increase to $45,000.

The macroeconomic background continues to support the first cryptocurrency. Matrixport expects inflation to decline to 1.6% and yields on ten-year US government bonds to 2.6% by 2024–2025. An improvement in the situation with UST will lead to a sharp rise in the stock market, which is often correlated with digital assets, experts added.

We would like to remind you that JPMorgan previously pointed out the positive effect of the Binance deal.