Bitcoin Will Rise During Chinese New Year, Matrixport Says
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Chinese New Year and Bitcoin Price Matrixport, a crypto asset (virtual currency) service company, released a market analysis report on the 20th. Buying bitcoin (BTC) at the end of the first day of Chinese New Year (Lunar New Year) and selling it 15 days later will yield an average return of +9%. Source: Matrixport Relation: Bitcoin hits year-to-date high NY Dow/cryptocurrency-related stocks overall high | 21 Markus Thielen, head of research at Matrixport, said the last eight years (2015-2022) have all yielded positive returns, continuing: This is a 100% hit rate (8 wins, 0 losses). If historical history is any
The anticipation around a potential approval of a Spot Bitcoin ETF is still high among crypto investors. This anticipation has been one of the main drivers of the price rally that has been witnessed over the last two months. Despite the United States Securities and Exchange Commission (SEC) postponing its…
Crypto financial services platform Matrixport has predicted that an approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could push the price of Bitcoin between $42,000 and $56,000 per unit. BTC, the world’s largest cryptocurrency, has experienced notable increases in value throughout the current week,…