"We forecast bitcoin to rise 65% by the end of the year and break $70,000, driven by the macro environment, monetary easing, the US election and the expansion of spot bitcoin ETFs," Markus Thielen, head of research at crypto financial services firm MatrixPort and founder of 10X Research, said in a report, according to CoinDesk. "While the Fed has delayed its first rate cut until May or June, inflation is low and growth is sustainable. In addition, we have the halving of bitcoin and the US presidential election coming up, which are historically bullish." "Bitcoin has risen in 10 of the last 13 years. However, January returns have been higher seven times and lower six times."
Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote a blog post on his blog about what he sees as the key narratives for the crypto market going forward and which projects to watch. Here's how Coinness sums them up 1. Retail derivatives trading volume will shift from
According to Bitcoin.com, Coinbase CEO Brian Armstrong said during the company's recent Q4 20/23 earnings call that "every institutional investor now owns crypto. Cryptocurrency has become a standard asset in institutional portfolios." "Institutions will continue to put crypto on their balance sheets and
Bitwise CIO Matt Hogan wrote on X (Twitter), "Several bitcoin spot ETFs saw record trading volumes on Tuesday (US time). Demand for ETFs is likely to continue." The Bitwise Bitcoin ETF (BITB) traded 6.3 million shares ($179 million) on Tuesday, according to Yahoo Finance. Trading volume in