Matrixport: Spot ETF Demand and the U.S. Election May Drive Bitcoin Rebound at Year-End

ChainCatcher message, Matrixport released the latest report stating: "Bitcoin has surpassed the $70,000 mark, reaching our year-end target set for early 2024. According to the latest 'Matrix on Target' report, we expect the price of Bitcoin may rise further before the end of the year. The U.S. presidential election could serve as a positive market catalyst, coupled with strong demand from investors for Bitcoin spot ETFs, which will further drive up the price of Bitcoin. As more bullish investors disclose their Bitcoin spot ETF holdings in the upcoming 13F filings, this could inject more momentum into the year-end Bitcoin rebound."