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Matrixport Predicts Bitcoin To Hit $45,000 By Year-End
Matrixport, a cryptocurrency investment firm, has raised its Bitcoin short-term forecast to $36,000. Markus Thielen, the head of research at Matrixport, announced the news on the official channel on March 19th, stating that as Bitcoin reaches the previous target of $28,000, the firm adjusts the short-term price target level.
The price forecast is expected to be reached this summer, with the year-end price expected to be $45,000. Thielen explained that Bitcoin is performing better than Ethereum as a macroeconomic liquidity narrative is formed that is particularly favorable to Bitcoin.
The global cryptocurrency market capitalization also increased by 10.1% from the previous week to $1.23 trillion, exceeding the 50-day moving average of $1.11 trillion. Bitcoin’s market share for the week also recorded 43.2%, higher than the 50-day average of 40.7%.
Moreover, the global cryptocurrency trading volume also increased by 97.6% to $180.7 billion, exceeding the 50-day average of $91.4 billion. The weekly Bitcoin trading volume was 90% above average, and the ETH trading volume was 206% above average.
Interestingly, the number of active Bitcoin addresses increased 10% over the week to 861,000, while the number of active Ethereum addresses decreased by 3.7% to 676,000. However, Ethereum weekly transaction fees rose 22.9% from the average, indicating a high level of network activity.
It is worth noting that the cryptocurrency market has been subject to volatility over the past few months, but the recent announcement by Matrixport has provided a bullish signal for Bitcoin’s short-term future. The market capitalization of Ethereum has also increased, indicating an overall upward trend.
Investors are eagerly watching the market, waiting to see whether the predictions made by Matrixport come to fruition. If Bitcoin does indeed reach the short-term price target of $36,000 this summer, it could provide a significant boost to the overall cryptocurrency market.
#BTC #bitcoin #Matrixport #crypto2023 #azcoinnews
This article was republished from azcoinnews.com
The price forecast is expected to be reached this summer, with the year-end price expected to be $45,000. Thielen explained that Bitcoin is performing better than Ethereum as a macroeconomic liquidity narrative is formed that is particularly favorable to Bitcoin.
The global cryptocurrency market capitalization also increased by 10.1% from the previous week to $1.23 trillion, exceeding the 50-day moving average of $1.11 trillion. Bitcoin’s market share for the week also recorded 43.2%, higher than the 50-day average of 40.7%.
Moreover, the global cryptocurrency trading volume also increased by 97.6% to $180.7 billion, exceeding the 50-day average of $91.4 billion. The weekly Bitcoin trading volume was 90% above average, and the ETH trading volume was 206% above average.
Interestingly, the number of active Bitcoin addresses increased 10% over the week to 861,000, while the number of active Ethereum addresses decreased by 3.7% to 676,000. However, Ethereum weekly transaction fees rose 22.9% from the average, indicating a high level of network activity.
It is worth noting that the cryptocurrency market has been subject to volatility over the past few months, but the recent announcement by Matrixport has provided a bullish signal for Bitcoin’s short-term future. The market capitalization of Ethereum has also increased, indicating an overall upward trend.
Investors are eagerly watching the market, waiting to see whether the predictions made by Matrixport come to fruition. If Bitcoin does indeed reach the short-term price target of $36,000 this summer, it could provide a significant boost to the overall cryptocurrency market.
#BTC #bitcoin #Matrixport #crypto2023 #azcoinnews
This article was republished from azcoinnews.com
🚀📊 Matrixport Report Thread 📊🚀
Hey Crypto Fam! 🌐
Matrixport just dropped insights predicting SEC's Bitcoin ETF stance! 🧐 Brace yourselves for the tea☕
Rare view alert! 🚨 Matrixport hints at SEC rejecting Bitcoin spot ETFs in January. But hold on, final approval might be on the horizon in Q2! 📅
Price predictions? 📉 Matrixport forecasts Bitcoin at $36,000 to $38,000. Time for strategic moves, they suggest. 🤔💸
What's in their toolkit? 🧰 Matrixport recommends put options or going short on Bitcoin. 📉💡
Numbers game: Matrixport's insights have turned heads before. Their track record makes this prediction worth a second look! 📈👀
Personal take: Predictions are like crypto weather forecasts. Always stay informed but be ready for surprises! 🌧️🌐
Fun fact: Did you know, Matrixport was founded by Bitmain's co-founder? Talk about crypto roots! 🌱💻
What's your play on these predictions? Bullish, bearish, or just enjoying the show? Share your thoughts! 🗣️🚀 #Matrixport #CryptoInsights #BTC #etf
Hey Crypto Fam! 🌐
Matrixport just dropped insights predicting SEC's Bitcoin ETF stance! 🧐 Brace yourselves for the tea☕
Rare view alert! 🚨 Matrixport hints at SEC rejecting Bitcoin spot ETFs in January. But hold on, final approval might be on the horizon in Q2! 📅
Price predictions? 📉 Matrixport forecasts Bitcoin at $36,000 to $38,000. Time for strategic moves, they suggest. 🤔💸
What's in their toolkit? 🧰 Matrixport recommends put options or going short on Bitcoin. 📉💡
Numbers game: Matrixport's insights have turned heads before. Their track record makes this prediction worth a second look! 📈👀
Personal take: Predictions are like crypto weather forecasts. Always stay informed but be ready for surprises! 🌧️🌐
Fun fact: Did you know, Matrixport was founded by Bitmain's co-founder? Talk about crypto roots! 🌱💻
What's your play on these predictions? Bullish, bearish, or just enjoying the show? Share your thoughts! 🗣️🚀 #Matrixport #CryptoInsights #BTC #etf
📈 #Matrixport : $BTC bull market continues. Demand from institutions has been mixed with a reawakening of retail flow. The supply/demand imbalance continues to favor higher prices of Bitcoin.
Matrixport highlights Solana's affordability as a key advantage in meme coin hype, compared to Ethereum's high GAS fees until Dencun upgrade.
#solana #memecoin #Matrixport
#solana #memecoin #Matrixport
📈 Matrixport, a crypto service provider, detects growing FOMO sentiment in the market. Funding rates in Bitcoin perpetual futures are up, signifying spreading FOMO. Bitcoin dominance at 52.1%, and 24-hour trading volume reaches $29 billion. Analysts predict BTC may rise to $45,000 this year. 🚀📊 #bitcoinworld #Matrixport #BTC 🪙💰
Crypto Market in Shambles! $BTC
Over $1 Billion in Liquidations as #Matrixport , founded by the #BitcoinCash crew (aka Fake Bitcoin), claims ETF rejection.
#bitcoin #BitcoinETF #CryptoPatel
$ETH $SOL
Over $1 Billion in Liquidations as #Matrixport , founded by the #BitcoinCash crew (aka Fake Bitcoin), claims ETF rejection.
#bitcoin #BitcoinETF #CryptoPatel
$ETH $SOL
Bitcoin Analyst Lyn Alden Predicts Bullish Future Beyond $100,000.🚀🐂
Cryptocurrencies are constantly evolving and changing, and Bitcoin is no exception. The leading digital asset has been on a wild ride lately, facing both bullish and bearish forces in the market. Some investors are optimistic about the prospects of spot Bitcoin ETFs, while others are wary of the negative impact of Matrixport's reports.
But what does the future hold for Bitcoin? One of the most respected voices in the macro analysis field, Lyn Alden, has some interesting insights to share. In a recent podcast with Peter McCormack, Alden revealed her skepticism about the popular $100,000 Bitcoin target. She argued that this number is too low for the current bullish cycle, and that Bitcoin has much more room to grow.
According to Alden, Bitcoin's price movements are closely linked to the global liquidity environment, which is expected to remain favorable for the next few years. She projected that Bitcoin could easily surpass the $100,000 mark by 2024 or 2025, but that's not where the story ends. Alden believes that Bitcoin could reach a staggering $200,000 or more by the end of 2025, representing a 340% increase from today's levels.
Of course, Alden also acknowledged the uncertainty and volatility that come with Bitcoin's price predictions. She cautioned investors not to rely too much on the $100,000 figure, as it might not reflect the true potential of Bitcoin in a strong bull market. She advised investors to look at the bigger picture and the underlying factors that drive Bitcoin's value.
Lyn Alden's analysis is a refreshing and provocative perspective on Bitcoin's future. It challenges the conventional wisdom and invites us to think outside the box. As the crypto community awaits the next developments, Alden's insights offer a glimpse of hope and excitement for Bitcoin's ascent..
#BTC #etf #Matrixport #Sec #ETH
Cryptocurrencies are constantly evolving and changing, and Bitcoin is no exception. The leading digital asset has been on a wild ride lately, facing both bullish and bearish forces in the market. Some investors are optimistic about the prospects of spot Bitcoin ETFs, while others are wary of the negative impact of Matrixport's reports.
But what does the future hold for Bitcoin? One of the most respected voices in the macro analysis field, Lyn Alden, has some interesting insights to share. In a recent podcast with Peter McCormack, Alden revealed her skepticism about the popular $100,000 Bitcoin target. She argued that this number is too low for the current bullish cycle, and that Bitcoin has much more room to grow.
According to Alden, Bitcoin's price movements are closely linked to the global liquidity environment, which is expected to remain favorable for the next few years. She projected that Bitcoin could easily surpass the $100,000 mark by 2024 or 2025, but that's not where the story ends. Alden believes that Bitcoin could reach a staggering $200,000 or more by the end of 2025, representing a 340% increase from today's levels.
Of course, Alden also acknowledged the uncertainty and volatility that come with Bitcoin's price predictions. She cautioned investors not to rely too much on the $100,000 figure, as it might not reflect the true potential of Bitcoin in a strong bull market. She advised investors to look at the bigger picture and the underlying factors that drive Bitcoin's value.
Lyn Alden's analysis is a refreshing and provocative perspective on Bitcoin's future. It challenges the conventional wisdom and invites us to think outside the box. As the crypto community awaits the next developments, Alden's insights offer a glimpse of hope and excitement for Bitcoin's ascent..
#BTC #etf #Matrixport #Sec #ETH
Breaking News: Matrixport's Latest Report Predicts SEC Rejection of All Bitcoin Spot ETFs in January
#Matrixport report suggests that final approval for Bitcoin spot ETFs may be achieved in Q2, but warns that the SEC might reject all Bitcoin spot ETFs this month.
The report also forecasts a potential decline in #Bitcoin price to the $36,000-$38,000 range and recommends investors to consider buying put options or even short Bitcoin.
$BTC down 10%
$ETH down 12%
$SOL down 21%
$AVAX down 20%
$INJ down 23%
#BONK down 30%
#JTO down 32%
Source: https://www.matrixport.com/institutions/research/daily-insights/811
Remember, this is just a prediction!
Stay informed and make your own decisions.
Share your thoughts on the matter below!
#BitcoinETF #CryptoPatel
#Matrixport report suggests that final approval for Bitcoin spot ETFs may be achieved in Q2, but warns that the SEC might reject all Bitcoin spot ETFs this month.
The report also forecasts a potential decline in #Bitcoin price to the $36,000-$38,000 range and recommends investors to consider buying put options or even short Bitcoin.
$BTC down 10%
$ETH down 12%
$SOL down 21%
$AVAX down 20%
$INJ down 23%
#BONK down 30%
#JTO down 32%
Source: https://www.matrixport.com/institutions/research/daily-insights/811
Remember, this is just a prediction!
Stay informed and make your own decisions.
Share your thoughts on the matter below!
#BitcoinETF #CryptoPatel
Jim Cramer
23%
Leverage
23%
Matrixport
43%
Other
11%
79 röster • Omröstningen avslutad
Matrixport Anticipates $1 Trillion Growth in Stablecoin Market by 2030
In a forward-looking statement, Matrixport, a leading #cryptocurrency financial services company, envisions the stablecoin market reaching $1 trillion by 2030. According to their analysis, despite existing challenges like centralization, cross-chain security vulnerabilities, and transparency issues, potential improvements could be achieved through omnichain expansion, the implementation of on-chain reserve proof, and increased decentralization. #Matrixport believes that addressing these obstacles will pave the way for substantial growth in the stablecoin sector over the next decade.
In a forward-looking statement, Matrixport, a leading #cryptocurrency financial services company, envisions the stablecoin market reaching $1 trillion by 2030. According to their analysis, despite existing challenges like centralization, cross-chain security vulnerabilities, and transparency issues, potential improvements could be achieved through omnichain expansion, the implementation of on-chain reserve proof, and increased decentralization. #Matrixport believes that addressing these obstacles will pave the way for substantial growth in the stablecoin sector over the next decade.
Matrixport Research: BTC Could Reach $42k with BlackRock’s ETF Approval
Post By: CryptosHeadlines.com
Bitcoin’s price remained above $28,000 after a bounce back to $30,000. This recovery was driven by false news about the approval of a spot Bitcoin ETF.Bitcoin’s price is still in the positive territory several days after rumors circulated about the SEC approving a Bitcoin spot exchange-traded fund (ETF) proposal by BlackRock, which pushed the digital currency up to $30,000.
Although the brief surge in price following the false news revealed the importance of a Bitcoin spot ETF for the next bull run, Bitcoin’s price retraced from $30,000. However, bulls have managed to maintain support at $28,000.
Currently, Bitcoin is trading at $28,440 with substantial trading volume of $10 billion and a market capitalization of $555 billion, and it has remained relatively stable over the past 24 hours.
Could BlackRock’s Spot ETF Approval Send BTC to $42k?
All eyes are on the possible approval of the first Bitcoin spot ETF by the SEC in the U.S., especially after the agency gave the green light to several Ethereum futures ETFs earlier this month. A Bitcoin spot ETF is significant because it would allow both regular retail and institutional investors to get exposure to Bitcoin without the need to hold the actual cryptocurrency.
In simpler terms, investors wouldn’t have to deal with the complexities of crypto exchanges or wallet setups. They could easily get exposure by buying shares of a Bitcoin ETF through a regular brokerage account. This accessibility is why the approval of a Bitcoin spot ETF would be a game changer for the crypto industry.
A recent report by Matrixport suggests that if the SEC approves BlackRock’s proposal, Bitcoin’s price could see a substantial increase to $42,000. Chinese crypto journalist Wu Blockchain even mentioned an optimistic estimate of Bitcoin reaching $56,000 with an influx of $50 billion.
The Matrixport report is based on a survey of around 15,000 U.S. registered investor advisors overseeing approximately $5 trillion. The report suggests that if Tether’s market cap increases by $24 billion, serving as an indicator of potential ETF inflows, Bitcoin could rise to $42,000 as a conservative estimate. With a larger influx of $50 billion (equivalent to a 1% allocation from RIAs), Bitcoin could potentially rally to $56,000.
Bitcoin Price Targets Short-Term Breakout to $30,000
Bitcoin’s price is currently under the control of bullish sentiment, supported by the Moving Average Convergence Divergence (MACD) indicator signaling a buy on the daily chart. Moreover, the price is comfortably above several key moving averages, including the 21-day Exponential Moving Average (red), the 100-day EMA (blue), and the 200-day EMA (purple).
BTC/USD daily chart | Tradingview
If the bulls maintain their support at $28,000, this could encourage more retail traders to invest in Bitcoin, as they become less apprehensive about potential losses, thanks to the optimistic outlook for gains beyond $30,000.
At this point, a break above $30,000 suggests that Bitcoin might retest its 2023 high of $31,860. This level will be crucial in determining whether the bulls can push the price towards $42,000 or if it will remain within the range, with primary support around $25,000.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Matrixport #BTC #BlackRock #ETF #BitcoinETF
Bitcoin’s price remained above $28,000 after a bounce back to $30,000. This recovery was driven by false news about the approval of a spot Bitcoin ETF.Bitcoin’s price is still in the positive territory several days after rumors circulated about the SEC approving a Bitcoin spot exchange-traded fund (ETF) proposal by BlackRock, which pushed the digital currency up to $30,000.
Although the brief surge in price following the false news revealed the importance of a Bitcoin spot ETF for the next bull run, Bitcoin’s price retraced from $30,000. However, bulls have managed to maintain support at $28,000.
Currently, Bitcoin is trading at $28,440 with substantial trading volume of $10 billion and a market capitalization of $555 billion, and it has remained relatively stable over the past 24 hours.
Could BlackRock’s Spot ETF Approval Send BTC to $42k?
All eyes are on the possible approval of the first Bitcoin spot ETF by the SEC in the U.S., especially after the agency gave the green light to several Ethereum futures ETFs earlier this month. A Bitcoin spot ETF is significant because it would allow both regular retail and institutional investors to get exposure to Bitcoin without the need to hold the actual cryptocurrency.
In simpler terms, investors wouldn’t have to deal with the complexities of crypto exchanges or wallet setups. They could easily get exposure by buying shares of a Bitcoin ETF through a regular brokerage account. This accessibility is why the approval of a Bitcoin spot ETF would be a game changer for the crypto industry.
A recent report by Matrixport suggests that if the SEC approves BlackRock’s proposal, Bitcoin’s price could see a substantial increase to $42,000. Chinese crypto journalist Wu Blockchain even mentioned an optimistic estimate of Bitcoin reaching $56,000 with an influx of $50 billion.
The Matrixport report is based on a survey of around 15,000 U.S. registered investor advisors overseeing approximately $5 trillion. The report suggests that if Tether’s market cap increases by $24 billion, serving as an indicator of potential ETF inflows, Bitcoin could rise to $42,000 as a conservative estimate. With a larger influx of $50 billion (equivalent to a 1% allocation from RIAs), Bitcoin could potentially rally to $56,000.
Bitcoin Price Targets Short-Term Breakout to $30,000
Bitcoin’s price is currently under the control of bullish sentiment, supported by the Moving Average Convergence Divergence (MACD) indicator signaling a buy on the daily chart. Moreover, the price is comfortably above several key moving averages, including the 21-day Exponential Moving Average (red), the 100-day EMA (blue), and the 200-day EMA (purple).
BTC/USD daily chart | Tradingview
If the bulls maintain their support at $28,000, this could encourage more retail traders to invest in Bitcoin, as they become less apprehensive about potential losses, thanks to the optimistic outlook for gains beyond $30,000.
At this point, a break above $30,000 suggests that Bitcoin might retest its 2023 high of $31,860. This level will be crucial in determining whether the bulls can push the price towards $42,000 or if it will remain within the range, with primary support around $25,000.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Matrixport #BTC #BlackRock #ETF #BitcoinETF
Why #CryptoMarket Crashed Today..?
#Matrixport , a crypto-financial service platform, has been notably optimistic about the approval of a spot #BitcoinETF this month.
However, the firm’s recent report suggests a shift in sentiment, speculating that the US Securities and Exchange Commission (#SEC ) may reject any proposals in January 2024.
January Blues for Crypto?
The growing anticipation within the crypto community for the approval of a Bitcoin #ETFs has had a tremendous effect on the industry, which has recovered from the downturn of 2022. An approval is also expected to potentially open new avenues for mainstream investors to participate in the digital asset market.
As such, several experts, as well as Matrixport, have been fairly bullish on this front.
However, in its latest report, Matrixport highlighted that the current leadership overseeing the approval of ETFs at the SEC consists of a five-person voting Commissioners team, primarily composed of Democrats.
What If the SEC Denies Spot Bitcoin Approval Again?
It is important to note that traders began betting on the approval of an ETF in September 2023, which translates to a substantial influx of at least $14 billion in fiat and leverage has been directed into the market.
Some of these capital inflows may be linked to more favorable macroeconomic conditions resulting from the Federal Reserve adopting a dovish stance, according to the report.
In the event of a denial by the SEC, the report anticipates potential cascading liquidations, especially with expectations that a significant portion of the additional $5.1 billion in perpetual long Bitcoin futures might be unwound. This scenario could lead to a rapid 20% decline in Bitcoin prices, reverting to the $36,000/$38,000 range.
Should there be no news of approvals by Friday, January 5, 2024, experts advise the traders to hedge their long exposure by acquiring $40,000 strike puts for the end of January or consider taking outright short positions on Bitcoin through options.
Always DYOR and Trade with StopLoss in $BTC
#Matrixport , a crypto-financial service platform, has been notably optimistic about the approval of a spot #BitcoinETF this month.
However, the firm’s recent report suggests a shift in sentiment, speculating that the US Securities and Exchange Commission (#SEC ) may reject any proposals in January 2024.
January Blues for Crypto?
The growing anticipation within the crypto community for the approval of a Bitcoin #ETFs has had a tremendous effect on the industry, which has recovered from the downturn of 2022. An approval is also expected to potentially open new avenues for mainstream investors to participate in the digital asset market.
As such, several experts, as well as Matrixport, have been fairly bullish on this front.
However, in its latest report, Matrixport highlighted that the current leadership overseeing the approval of ETFs at the SEC consists of a five-person voting Commissioners team, primarily composed of Democrats.
What If the SEC Denies Spot Bitcoin Approval Again?
It is important to note that traders began betting on the approval of an ETF in September 2023, which translates to a substantial influx of at least $14 billion in fiat and leverage has been directed into the market.
Some of these capital inflows may be linked to more favorable macroeconomic conditions resulting from the Federal Reserve adopting a dovish stance, according to the report.
In the event of a denial by the SEC, the report anticipates potential cascading liquidations, especially with expectations that a significant portion of the additional $5.1 billion in perpetual long Bitcoin futures might be unwound. This scenario could lead to a rapid 20% decline in Bitcoin prices, reverting to the $36,000/$38,000 range.
Should there be no news of approvals by Friday, January 5, 2024, experts advise the traders to hedge their long exposure by acquiring $40,000 strike puts for the end of January or consider taking outright short positions on Bitcoin through options.
Always DYOR and Trade with StopLoss in $BTC
#Matrixport predicts that the price of #Bitcoin will surpass $120,000 by the end of 2024.
The 🇸🇬 Singapore-based crypto financial services platform cited a confluence of factors including the halving and increased holding by miners ⛏️ as potential catalysts.
#BTC #crypto2024 #cryptohustle
The 🇸🇬 Singapore-based crypto financial services platform cited a confluence of factors including the halving and increased holding by miners ⛏️ as potential catalysts.
#BTC #crypto2024 #cryptohustle
🚨 JUST IN:
#RealMatrixport co-founder shares insights on Bitcoin predictions:
At the outset of 2023, Matrixport was among the few who accurately predicted Bitcoin's low point and maintained an extremely bullish stance.
As intended, this recent report was prepared for Matrixport's clients.
However, its wide spread by the media was not planned by Matrixport and is beyond our control.
#Matrixport #Bitcoin #Bullish #CryptoPatel
$BTC $BNB $XRP
#RealMatrixport co-founder shares insights on Bitcoin predictions:
At the outset of 2023, Matrixport was among the few who accurately predicted Bitcoin's low point and maintained an extremely bullish stance.
As intended, this recent report was prepared for Matrixport's clients.
However, its wide spread by the media was not planned by Matrixport and is beyond our control.
#Matrixport #Bitcoin #Bullish #CryptoPatel
$BTC $BNB $XRP
📊 $BTC #Matrixport : Bitcoin’s funding rate has continued to decline into the halving which is now only days away. The decline in the funding rate indicates that traders have taken off bullish positions and that the market is now relatively light-positioned through the derivatives market.
Matrixport Forecasts Altcoin Surge Amidst 66% Bitcoin Funding Rate Spike
- Bitcoin's funding rate surges by 66%, indicating strong confidence from bullish investors committed to holding their positions.
- Analyst Alfred forecasts a substantial surge in Bitcoin mining operations, anticipating a rapid and remarkable upward trend within the next 8 days.
- Matrixport's analysis underscores the historical patterns, suggesting a resilient Bitcoin rally coinciding with halving cycles, pointing to a potentially strong surge in BTC value.
Altcoins have been making waves in the crypto realm, signaling a remarkable shift in the landscape. With Bitcoin's funding rate hitting 66%, bullish sentiments are strong, underlining investors' determination to maintain their positions. This surge, alongside BTC reclaiming $45,000 on January 1st, sets the stage for what seems to be an unfolding era. Moreover, anticipation swirls around a potential Bitcoin ETF approval slated for January 10, a milestone eagerly awaited by the crypto community.
Recent insights from Matrixport shed light on the sustained high funding rate for BTC, echoing traders' positive outlook, hinged upon the imminent ETF approval. As Bitcoin's dominance wanes to 50.3%, indicators hint at an impending altcoin rally, promising to reshape the crypto sphere.
Despite the absence of substantial fiat-to-crypto inflows, highlighted by Tether's minting patterns, the ongoing market rally paints an intriguing picture. The funding rate's unprecedented climb to +66% signifies a financial landscape where holding long positions boasts an annual rate of 66% against shorts.
The interplay between futures and spot market dynamics is foreseen to propel BTC beyond $50,000 in January 2024. Speculation even swirls around the prospect of surpassing this mark by week's end, underscoring the market's feverish momentum.
Renowned analyst Mike Alfred's observations point toward a surge in BTC mining activity, fueling expectations of an imminent upward surge in the coming days. This reorients discussions from the ETF approval to future events, particularly the looming Bitcoin halving in April 2024.
Matrixport's recent report underscores BTC mining companies' strategic move to curtail Bitcoin supply in anticipation of halving cycles, hinting at potential supply shortages and an unforeseen surge in BTC values.
Amidst scarcity-driven market dynamics and optimistic sentiments, Bitcoin's ascent continues unabated. Matrixport's insights into historical trends and the potential for significant rallies during halving cycles suggest BTC may hit its projected target of $125,000 by July 2023, leveraging its 'one-year-new-high' indicator.
Beyond BTC's trajectory, the report draws parallels between US stock performance during election years and potential shifts in the crypto landscape in 2024, hinting at forthcoming changes and opportunities in the crypto industry.
Conclusively, despite expectations of a slowdown, Bitcoin stands resilient, comfortably trading above $45,719. The robust 56% surge in the last quarter of 2023 defied predictions and was propelled by speculations of SEC approvals for spot-based BTC exchange-traded funds. As the new year unfolds, an air of anticipation surrounds Bitcoin's future performance.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
#Matrixport #altcoins #Bitcoin #BTC #Bullrun
- Analyst Alfred forecasts a substantial surge in Bitcoin mining operations, anticipating a rapid and remarkable upward trend within the next 8 days.
- Matrixport's analysis underscores the historical patterns, suggesting a resilient Bitcoin rally coinciding with halving cycles, pointing to a potentially strong surge in BTC value.
Altcoins have been making waves in the crypto realm, signaling a remarkable shift in the landscape. With Bitcoin's funding rate hitting 66%, bullish sentiments are strong, underlining investors' determination to maintain their positions. This surge, alongside BTC reclaiming $45,000 on January 1st, sets the stage for what seems to be an unfolding era. Moreover, anticipation swirls around a potential Bitcoin ETF approval slated for January 10, a milestone eagerly awaited by the crypto community.
Recent insights from Matrixport shed light on the sustained high funding rate for BTC, echoing traders' positive outlook, hinged upon the imminent ETF approval. As Bitcoin's dominance wanes to 50.3%, indicators hint at an impending altcoin rally, promising to reshape the crypto sphere.
Despite the absence of substantial fiat-to-crypto inflows, highlighted by Tether's minting patterns, the ongoing market rally paints an intriguing picture. The funding rate's unprecedented climb to +66% signifies a financial landscape where holding long positions boasts an annual rate of 66% against shorts.
The interplay between futures and spot market dynamics is foreseen to propel BTC beyond $50,000 in January 2024. Speculation even swirls around the prospect of surpassing this mark by week's end, underscoring the market's feverish momentum.
Renowned analyst Mike Alfred's observations point toward a surge in BTC mining activity, fueling expectations of an imminent upward surge in the coming days. This reorients discussions from the ETF approval to future events, particularly the looming Bitcoin halving in April 2024.
Matrixport's recent report underscores BTC mining companies' strategic move to curtail Bitcoin supply in anticipation of halving cycles, hinting at potential supply shortages and an unforeseen surge in BTC values.
Amidst scarcity-driven market dynamics and optimistic sentiments, Bitcoin's ascent continues unabated. Matrixport's insights into historical trends and the potential for significant rallies during halving cycles suggest BTC may hit its projected target of $125,000 by July 2023, leveraging its 'one-year-new-high' indicator.
Beyond BTC's trajectory, the report draws parallels between US stock performance during election years and potential shifts in the crypto landscape in 2024, hinting at forthcoming changes and opportunities in the crypto industry.
Conclusively, despite expectations of a slowdown, Bitcoin stands resilient, comfortably trading above $45,719. The robust 56% surge in the last quarter of 2023 defied predictions and was propelled by speculations of SEC approvals for spot-based BTC exchange-traded funds. As the new year unfolds, an air of anticipation surrounds Bitcoin's future performance.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
#Matrixport #altcoins #Bitcoin #BTC #Bullrun
Matrixport Predicts Bitcoin Will Reach $45K in 2023 Due to FOMO Signals
Post By: CryptosHeadlines.com
According to Matrixport, a cryptocurrency services provider, Bitcoin is maintaining its course to reach $45,000 by the conclusion of this year.Bitcoin (BTC) is anticipated to continue its growth, potentially reaching $45,000 by the end of this year. This positive outlook is driven by the sustained high futures funding rates, indicating strong bullish sentiment among traders.
Cryptocurrency services provider Matrixport highlighted this observation in an X post on October 24, characterizing the Bitcoin futures market as being strongly influenced by FOMO (Fear of Missing Out).
Data from Coinglass shows that BTC futures funding rates experienced a notable surge after surpassing the $33,000 mark. Currently, out of the nine major cryptocurrency exchanges, only one exhibits a negative funding rate, implying that the majority of traders are optimistic about a potential continuation of the rally.
Matrixport, relying on its trading models, maintains that its 2023 Bitcoin target of $45,000 is still feasible. This confidence is supported by Bitcoin’s current dominance at 52.1% and trading volumes reaching $29 billion in under 24 hours.
Additionally, potential factors contributing to a Bitcoin rally include the progress toward a spot Bitcoin ETF, exemplified by BlackRock’s iShares Bitcoin Trust listing on the Depository Trust and Clearing Corporation (DTCC). This development signifies advancements in bringing a Bitcoin ETF to U.S. markets. While some, like lawyer John E.
Deaton, anticipate Bitcoin ETF approval by the end of the year or early 2024, the ongoing SEC discussions with Bitcoin ETF applicants could present a strategic move to gather more information, possibly for devising a rationale for rejecting the spot ETF.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Matrixport #FOMO #BitcoinETF
According to Matrixport, a cryptocurrency services provider, Bitcoin is maintaining its course to reach $45,000 by the conclusion of this year.Bitcoin (BTC) is anticipated to continue its growth, potentially reaching $45,000 by the end of this year. This positive outlook is driven by the sustained high futures funding rates, indicating strong bullish sentiment among traders.
Cryptocurrency services provider Matrixport highlighted this observation in an X post on October 24, characterizing the Bitcoin futures market as being strongly influenced by FOMO (Fear of Missing Out).
Data from Coinglass shows that BTC futures funding rates experienced a notable surge after surpassing the $33,000 mark. Currently, out of the nine major cryptocurrency exchanges, only one exhibits a negative funding rate, implying that the majority of traders are optimistic about a potential continuation of the rally.
Matrixport, relying on its trading models, maintains that its 2023 Bitcoin target of $45,000 is still feasible. This confidence is supported by Bitcoin’s current dominance at 52.1% and trading volumes reaching $29 billion in under 24 hours.
Additionally, potential factors contributing to a Bitcoin rally include the progress toward a spot Bitcoin ETF, exemplified by BlackRock’s iShares Bitcoin Trust listing on the Depository Trust and Clearing Corporation (DTCC). This development signifies advancements in bringing a Bitcoin ETF to U.S. markets. While some, like lawyer John E.
Deaton, anticipate Bitcoin ETF approval by the end of the year or early 2024, the ongoing SEC discussions with Bitcoin ETF applicants could present a strategic move to gather more information, possibly for devising a rationale for rejecting the spot ETF.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Matrixport #FOMO #BitcoinETF
$BTC price plummets ~11% in a short period as #Matrixport predicted SEC's rejection of Bitcoin Spot ETFs.
Coinglass data reveals a massive $570M long order and $68M Short Order liquidation on All Exchanges.
- In the past 24 hours , 182,664 traders were liquidated , the total liquidations comes in at $636.93 million
- The largest single liquidation order happened on Huobi - BTC-USDT value $14.26M
#BitcoinETF #BTC #SEC #CryptoPatel
$ETH $BNB
Coinglass data reveals a massive $570M long order and $68M Short Order liquidation on All Exchanges.
- In the past 24 hours , 182,664 traders were liquidated , the total liquidations comes in at $636.93 million
- The largest single liquidation order happened on Huobi - BTC-USDT value $14.26M
#BitcoinETF #BTC #SEC #CryptoPatel
$ETH $BNB
Matrixport Predicts Bitcoin to Reach $45K in 2023 and $125K by 2024-end
Post By: CryptosHeadlines.com
Recent data from Matrixport predicts that Bitcoin could achieve a price of $45,000 in 2023 and soar to $125,000 by the end of 2024. This forecast comes following a robust post-halving rally that has maintained strong support from Bitcoin bulls.As a result, Bitcoin has been edging closer to the $35,000 mark, which has, in turn, triggered a broader cryptocurrency market upswing. The global cryptocurrency market capitalization has experienced a 1% increase in the last 24 hours, bringing it to approximately $1.27 trillion.
Notably, both Bitcoin and Ethereum have surpassed key levels, with Bitcoin above $34,000 and Ethereum above $1,800. Matrixport’s report emphasizes the potential for Bitcoin to reach $45,000 in 2023 and a more substantial $125,000 by December 2024.
Matrixport: Bitcoin in 5th Bull Market, Predicts Significant Price Gains
Matrixport, a prominent research firm, suggests that Bitcoin is currently in its 5th bull market, driven primarily by institutional adoption. This bullish trend began in June of the current year when Bitcoin reached its yearly high.
According to Matrixport’s analysis, Bitcoin is anticipated to reach $45,000 in 2023. The firm’s earlier research indicates that approval of the BlackRock Bitcoin ETF could push Bitcoin’s price to $42,000, and a $50 billion influx could propel it to $56,000.
The report highlights how Bitcoin’s qualities, traditionally linked to assets like gold and safe-haven investments such as Treasury bonds, are now attracting institutions looking to diversify their asset portfolios.
Moreover, Matrixport predicts that Bitcoin’s price will soar to $125,000 by December 2024, more than six months following the Bitcoin halving event. Interestingly, the report notes that October 2022 presented an excellent opportunity for purchasing Bitcoin, as it was trading at $17,000.
The broader crypto market is experiencing substantial trading volumes, largely attributed to increased interest from investors and whales, especially amid the excitement surrounding Bitcoin ETFs. While some traders and analysts anticipate another opportunity to buy Bitcoin below $32,000, the cryptocurrency has remained resilient above this level.
Standard Chartered and Binance CEO CZ Predict Bullish Bitcoin Future
Financial institution Standard Chartered and Binance CEO CZ have shared their bullish predictions for Bitcoin’s future. Standard Chartered forecasts that the cryptocurrency’s price could reach $50,000 by the year’s end and potentially exceed $120,000 in the following year. Meanwhile, CZ also anticipates a post-halving rally for Bitcoin based on historical data.
As of the latest data, the price of Bitcoin is currently at $34,313, having moved relatively sideways over the past 24 hours following a significant rally. During this time, it reached a low of $33,983 and a high of $35,133, with a 20% decrease in trading volume over the past 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Matrixport #ETF #BitcoinETF
Recent data from Matrixport predicts that Bitcoin could achieve a price of $45,000 in 2023 and soar to $125,000 by the end of 2024. This forecast comes following a robust post-halving rally that has maintained strong support from Bitcoin bulls.As a result, Bitcoin has been edging closer to the $35,000 mark, which has, in turn, triggered a broader cryptocurrency market upswing. The global cryptocurrency market capitalization has experienced a 1% increase in the last 24 hours, bringing it to approximately $1.27 trillion.
Notably, both Bitcoin and Ethereum have surpassed key levels, with Bitcoin above $34,000 and Ethereum above $1,800. Matrixport’s report emphasizes the potential for Bitcoin to reach $45,000 in 2023 and a more substantial $125,000 by December 2024.
Matrixport: Bitcoin in 5th Bull Market, Predicts Significant Price Gains
Matrixport, a prominent research firm, suggests that Bitcoin is currently in its 5th bull market, driven primarily by institutional adoption. This bullish trend began in June of the current year when Bitcoin reached its yearly high.
According to Matrixport’s analysis, Bitcoin is anticipated to reach $45,000 in 2023. The firm’s earlier research indicates that approval of the BlackRock Bitcoin ETF could push Bitcoin’s price to $42,000, and a $50 billion influx could propel it to $56,000.
The report highlights how Bitcoin’s qualities, traditionally linked to assets like gold and safe-haven investments such as Treasury bonds, are now attracting institutions looking to diversify their asset portfolios.
Moreover, Matrixport predicts that Bitcoin’s price will soar to $125,000 by December 2024, more than six months following the Bitcoin halving event. Interestingly, the report notes that October 2022 presented an excellent opportunity for purchasing Bitcoin, as it was trading at $17,000.
The broader crypto market is experiencing substantial trading volumes, largely attributed to increased interest from investors and whales, especially amid the excitement surrounding Bitcoin ETFs. While some traders and analysts anticipate another opportunity to buy Bitcoin below $32,000, the cryptocurrency has remained resilient above this level.
Standard Chartered and Binance CEO CZ Predict Bullish Bitcoin Future
Financial institution Standard Chartered and Binance CEO CZ have shared their bullish predictions for Bitcoin’s future. Standard Chartered forecasts that the cryptocurrency’s price could reach $50,000 by the year’s end and potentially exceed $120,000 in the following year. Meanwhile, CZ also anticipates a post-halving rally for Bitcoin based on historical data.
As of the latest data, the price of Bitcoin is currently at $34,313, having moved relatively sideways over the past 24 hours following a significant rally. During this time, it reached a low of $33,983 and a high of $35,133, with a 20% decrease in trading volume over the past 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Matrixport #ETF #BitcoinETF
