Bitcoin Price Surge: Matrixport Forecasts $125,000 Price Target By December 2024
Bitcoin price (BTC) is currently displaying a significant uptrend, showing no signs of slowing down. The cryptocurrency has already begun its fifth bull run, with impressive price targets anticipated in the coming year. A recent report from Matrixport highlights BTC’s history of four distinct bull market cycles, each driven by a unique narrative. However, the latest bull market, which started on June 22, 2023, stands out due to its primary driving force: institutional adoption. Per the report, this surge in institutional interest can be attributed to Bitcoin’s characteristics,....
Related News
Matrixport, a leading player in the digital asset space, released a research titled “2024 Unveiled: Six Micro and Macro Events That Will Shape Bitcoin” dated Thursday, November 9, 2023, shedding light on crucial events projected to shape the crypto landscape in 2024. The report highlights a mix of micro and macro events anticipated to positively impact the industry, with a particular focus on Bitcoin. Top 6 Predictions For Bitcoin And Crypto First, the report underlines the anticipation of the US Securities and Exchange Commission (SEC) approving a Bitcoin ETF. Notably, the....
The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million registered in September 2023 to just $2.1 million in October, Token Terminal data shared by Web3 Academy on October 26, via X shows. LooksRare’s Monthly Volume Tanking, Falls To $2.1 Million In October The unprecedented drop in activity couldn’t be pinned on any particular LooksRare-related event when writing on October 26. This contraction is despite the broader cryptocurrency market recovering, rising as seen by the....
Bankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control and recover assets in its pursuit of financial restitution. As founder Sam Bankman-Fried awaits possible conviction and faces a staggering 114 years in prison if found guilty, FTX’s asset recovery plan continues under Ray’s leadership. FTX Bankruptcy Battle Escalates In a recent filing with the US Bankruptcy Court for the District of Delaware, FTX issued a subpoena to the artificial intelligence (AI) firm Center for AI Safety (CAIS), demanding....
Matrixport, the digital currency financial services company co-founded by the former Bitmain CEO Jihan Wu, has revealed the company has raised $100 million in a Series C financing round. The funding has propelled Matrixport’s valuation to unicorn status as the firm now has a valuation of over $1 billion. Matrixport Now Valued at $1 Billion, Company Raises $100 Million in Series C On Sunday, the company Matrixport, a financial services firm that specializes in cryptocurrency solutions, management, and custodial services, revealed the company has raised $100 million from a slew of....
Bitcoin price recently completed a two-month surge that resulted in a price increase to over $25,000; consequently, investors are now concentrating on the cryptocurrency’s next target price. Bitcoin price spikes to over $25,000 following a two-month surge Bitcoin now looking bearish; struggling to keep its price above $20,000 BTC down by 0.12%; currently trading at $21,498.36 Bitcoin (BTC), the leading cryptocurrency, is now displaying negative sentiment after first exhibiting bullish indicators. The flagship coin is now fighting once more to keep its price above $20,000. By the end....