Bitcoin Could Rise to Between $42K and $56K if BlackRock ETF Is Approved: Matrixport
Bitcoin will rise to between $42,000 and $56,000 if a BlackRock spot bitcoin (BTC) ETF is approved, crypto services provider Matrixport said in a report Thursday.
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Bitcoin will rise to between $42,000 and $56,000 if a BlackRock spot bitcoin (BTC) ETF is approved, crypto services provider Matrixport said in a report Thursday.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The bitcoin options market has flipped bullish across different timeframes since Monday’s erroneous ETF report.
Tracking changes in the viewership and subscriber base of popular crypto-related YouTube channels can offer insights into retail investor sentiment and impending market trends.
Tesla did not buy or sell any BTC in the three months to September.
A fake report about BlackRock’s spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000.
“We continue to view COIN’s consumer take rate as being at risk of compression due to competition for market share within a lower volume crypto space,” the bank said.
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
The ascent in bitcoin’s dominance rate is consistent with the bullish breakout in June, which marked the end of a prolonged range play between 38% and 48%.
Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI and CPI Data