Matrixport, the crypto company of billionaire entrepreneur Jihan Wu, explained three key financial market factors behind Bitcoin (BTC) rise and said that the rally will continue.
by Matrixport Thursday, March 16 In the report published on bitcoin cryptocurrencies, including why did you rise about three factors announced.
In the report, in recent weeks, US-based bankruptcies, to pause in the Fed’s hawkish policy And Consequences of pressures specific to stablecoins place was given. Matrixport, as long as these three factors continue Bitcoin rally will continue stressed.
In the detailed analysis of the company, the FED of the crisis in the USA for a while slowing down on rate hikes the suppression of stablecoins by regulatory agencies while directing investors to Bitcoin mentioned.
Matrixport, some of the Fed rate policy serious damage to investment portfolios and the economy threatens its financial stability by stating that the investors with the latest events open your eyes together expressed.
On the other hand, the report, which touched on the securities-commodity debates in recent days, pointed out that all cryptocurrencies other than Bitcoin are tried to be described as securities, and this situation is in favor of Bitcoin:
Potential classification as a security has become a hurdle for many cryptocurrencies. But Bitcoin is about to gain commodity status in the eyes of regulators. While there seems to be a clear path to regulation, there is a certain understanding that some may escape regulation.
CoinGecko data in the last 30 days 30% appreciated bitcoindisplayed in the last 24 hours at the time the news was written. 5.8%with the rise of At $26.504 is being traded.