Cointime

Cointime

Download App
iOS & Android
Home / Point

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

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%.

Bitcoin Bitcoin $96,677.45
-0.11%
Bitcoin
Comments

All Comments

Recommended for you

  • Analyst: Bitcoin's recent surge may have given investors a false sense of security

    George Milling-Stanley, Chief Gold Strategist at Dow Jones Global Investment Management, believes that the recent surge in Bitcoin may give investors a false sense of security. Milling-Stanley stated, "Simply put, Bitcoin is an investment seeking returns, which suggests that investors are flocking to Bitcoin for capital gains, not because they see the value or use of Bitcoin." The launch of options based on spot Bitcoin ETFs last week may be related to this, as options allow investors to bet on the price volatility of Bitcoin with less cash instead of buying Bitcoin itself.

  • UK court dismisses Craig Wright's appeal against COPA

    On November 29th, according to BitMEX Research, the UK Court of Appeals has dismissed Craig Steven Wright's (CSW) appeal against the Cryptocurrency Open Patent Alliance (COPA), ruling that he lacked any substantive basis. In the case, CSW also complained that the court had adopted evidence from @lopp (James Lopp), but @lopp did not appear as a witness, which the court found to be unfounded. CSW's attempt to prove his claim as the author of the Bitcoin white paper, Satoshi Nakamoto, has once again been thwarted.

  • Japan's Financial Services Agency warns 5 unregistered overseas cryptocurrency exchanges

    On November 29th, according to CoinPost, the Japanese Financial Services Agency issued warning letters to five unregistered overseas cryptocurrency exchanges. These exchanges include KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited.

  • Google asks appeals court to overturn Epic Games antitrust victory

    Google has requested the US Appeals Court to overturn a lower court's ruling on Epic Games' antitrust lawsuit, which would force Google to allow third-party app stores and payment solutions to operate through its Play Store app marketplace.

  • Ansem: Coinbase is very likely to list top virtual ecosystem tokens, as it has already listed DEGEN

    On November 29th, KOL Ansem stated on social media, "I bet that the likelihood of top Virtual ecosystem tokens being listed on Coinbase is very high - especially since they have already listed DEGEN."

  • Musk calls for abolishing the Consumer Financial Protection Bureau

     on November 27th, Musk called for the abolition of the Consumer Financial Protection Bureau (CFPB) on social media platform X, stating that "there are too many redundant regulatory agencies."

  • Andy Ayrey: Truth Terminal treasury funds are being migrated, users do not need to panic

    On November 27th, Truth Terminal founder Andy Ayrey posted on X, stating that the Truth Terminal treasury is undergoing its final migration. There is no need to panic due to changes in funds, as all funds are being transferred to an appropriate, globally distributed multi-signature.

  • U.S. consumer confidence improves again in November, reaching a two-year high

    Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.

  • Starknet: Phase 1 of STRK staking is now live on the mainnet

    Starknet announced that the first stage of STRK staking has officially launched on the mainnet.
  • Cointime精选 ·

    The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

    Title: Electronic Cash Without a Trusted Third Party
    The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company