Matrixport: Bitcoin FOMO Returns and May Reach $45,000 by the End of the Year

Bitget App

Trade smarter

Cointime2023/10/24 05:15

By:Cointime

On October 24th, encrypted service provider Matrixport stated that the Bitcoin futures funding rate is abnormally high, indicating that many traders are panic-buying Bitcoin and FOMO sentiment is returning. Bitcoin's market share has reached 52.1%, and in the past 24 hours, Bitcoin's trading volume has increased significantly to $29 billion.

Matrixport stated that they set a target for Bitcoin's price at the end of 2023 at $45,000 as early as the beginning of this year. Previously, on September 20th, Matrixport predicted in a report that October would be a particularly strong month for Bitcoin, emphasizing that the average return rate for October is 20%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

Cryptopolitan•2025/04/16 19:45