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
Crypto financial services company Matrixport, co-founded by Jihan Wu, has joined the list of companies carrying out job cuts, while its asset management firm lost two top executives. Matrixport reduces marketing department Bloomberg reported on Jan. 27, Matrixport’s chief operating officer Cynthia Wu said that the reduction in the workforce…
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…