Matrixport Predicts: Bitcoin to Reach $50,000 in January, Altcoin Season Could Be Approaching
Matrixport Predicts: Bitcoin to Reach $50,000 in January, Altcoin Season Could Be Approaching
According to a previous report by Zombit, CryptoQuant, a blockchain data analysis company, believes that the market may experience a “Sell The News” situation, predicting that if a Bitcoin spot ETF is approved in January, the Bitcoin price may pull back to $32,000. However, Matrixport believes that the approval of the ETF is unlikely to become a Sell The News event, as the approval of the ETF will make Bitcoin a legitimate asset class for institutional investment portfolios and can be used as collateral to purchase other assets.
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…