Bitcoin And cryptocurrency Known for its market analysis Markus Thielen, head of research at Matrixport He evaluated the impact of the Binance-USA agreement on BTC and Binance.
According to The Block, Markus Thielen said that Binance’s agreement with the US Department of Justice and Changpeng Zhao’s resignation as Binance CEO within the scope of this agreement is a turning point in the crypto world.
What happened at this point BTC and stated that it could be a turning point for cryptocurrencies. Markus Thielen claimed that despite recent events, the price of Bitcoin could exceed $40,000 this year.
Thielen also stated that the penalty currently payable is lighter than the feared $10 billion fine that Binance might have had to pay before the agreement. “Binance will likely remain among the top three exchanges for the next 2 to 3 years as it has not been accused of misappropriating user funds or market manipulation.” said.
“BTC experienced an initial decline as the Binance US deal initially put investors in a risk-averse mode.
However, Bitcoin only experienced a temporary correction and bounced back from the $36,000 level with a strong countertrend reaction.
At this point, it is inevitable that Bitcoin will rise above $40,000 by the end of the year.
“We also expect Bitcoin to exceed $38,000 with an 80% probability by the end of November, followed by a 90% probability of exceeding $40,000 in December.”
Thielen finally Tether (USDT) Pointing out that there has been an increase in market value, he added that this increase, increasing corporate interest and the positive macro environment add weight to the upward outlook.
With the rise it has experienced in recent hours, it has surpassed $ 38,000. Bitcoincontinues to be traded at $ 37,779 at the time of writing.
*This is not investment advice.
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