Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
[Matrixport: Short-term Overbought And Strong Capital Inflows Boost Bitcoin's Rise, Three Important Time Points In December Are Worth Paying Attention To] On November 15, Matrixport Released A Weekly Report Pointing Out That Bitcoin Is Experiencing A Strong Rise Driven By Multiple Positive Factors, Including The Continued Inflow Of Funds From Bitcoin Spot ETFs, The Expectation Of Interest Rate Cuts By The Federal Reserve, And The Improvement Of The Regulatory Environment. Bitcoin's 7-day Rolling Price Increase Reached A Record High Of $19,265, Showing That The Strength Of This Round Of Rebound Is Unprecedented. Although The Short-term RSI Indicator Shows Overbought And May Consolidate, The Report Predicts That Crypto Assets Will Break Through The 8% Penetration Threshold In 2025, Laying The Foundation For Larger-scale Adoption. The Report Pays Special Attention To Three Important Time Points In December: MicroStrategy May Be Included In The S&P 500 Index On December 6, Microsoft Will Review The Bitcoin Investment Proposal On December 10, And The FASB New Rules Will Take Effect On December 15, Allowing Companies To Measure Crypto Assets At Fair Market Value. These Events Are Expected To Further Promote The Entry Of Institutional Investors. Looking Ahead To 2025, The Report Predicts That The Penetration Rate Of Crypto Assets Will Break Through The Key Threshold Of 8%. At The Same Time, Factors Such As The Improved Regulatory Environment That May Come With Trump's Inauguration In January 2025 And FTX's Expected Return Of $16.5 Billion In Creditor Funds Will Bring Continued Benefits To The Bitcoin Market
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data