Bitcoin Price Prediction and Crypto Market Updates

Bitcoin Price Prediction and Crypto Market Updates

In today’s cryptocurrency news, Matrixport, a cryptocurrency trading firm co-founded by Bitmain’s Wu Jihan, has reiterated its Bitcoin price prediction of $45,000 by the end of 2023. This prediction was initially made earlier in 2023 and was further reinforced in a recent blog post.

Matrixport had earlier provided accurate Bitcoin price predictions, including predicting a surge in the Bitcoin market in October. The firm attributes this surge to the excitement surrounding potential approvals of a spot Bitcoin exchange-traded fund (ETF). Additionally, Matrixport pointed out that October has historically been the strongest month for Bitcoin with an average return of 20%.

Meanwhile, the crypto community has been closely monitoring the Depository Trust and Clearing Corporation’s (DTCC) website for updates on a spot Bitcoin ETF. There was a brief period of chaos when the ticker for BlackRock’s ETF vanished from the site before reappearing a few hours later. This resulted in a nearly 3% drop in Bitcoin’s price.

In other news, Binance and its CEO, Changpeng “CZ” Zhao, are seeking to dismiss a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). The lawsuit alleges that Binance violated derivatives trading rules by failing to register with the regulator.

Continue Reading…

Scroll to Top