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%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
55M Americans Own Crypto—and 76% Say It’s Made Life Better
Robert Kiyosaki Says Crash Has Landed—Recession Here, Depression Next, Buy Bitcoin
UBS: This Is the Worst Time to Sell—3 Reasons Pullbacks Lead to Long-Term Gains
Ripple Deploys RLUSD in Kenya as Blockchain Aid Faces Real-World Drought Test
Trending news
MoreCrypto prices
More
