Matrixport: Spot ETF demand and the US election may drive a year-end bitcoin rally
2024-10-29 07:11:08
On October 29th, Matrixport released its latest report saying: "Bitcoin has broken through the $70,000 mark and reached the year-end target we set in early 2024. According to the latest" Matrix on Target "report, we expect bitcoin prices to rise further before the end of the year. The US Presidential Election could be a positive market catalyst, coupled with strong investor demand for bitcoin spot ETFs, which will further push bitcoin prices higher. This could inject more momentum into the year-end bitcoin rally as more long investors announce bitcoin spot ETF positions in the upcoming 13F filing."
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