According to the most recent research conducted by Matrixport, the approval of a Bitcoin Spot ETF is expected to occur very soon, which would result in a significant increase in the price of Bitcoin to $50,000. A consolidation that occurred between the middle and the end of December is the basis for this optimistic projection, which was issued on January 2, 2024. It is supported by a number of important reasons, including the possibility of institutional investment and a change in market attitude.
A large chunk of Bitcoin is still not available on exchanges after the FTX crypto exchange implosions in 2022, according to …
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