{"id":140111,"date":"2024-10-19T10:00:50","date_gmt":"2024-10-19T07:00:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140111"},"modified":"2024-10-18T19:38:09","modified_gmt":"2024-10-18T16:38:09","slug":"bitcoin-poised-to-surpass-70000-amid-political-changes-says-matrixport","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-poised-to-surpass-70000-amid-political-changes-says-matrixport\/","title":{"rendered":"Bitcoin Poised to Surpass $70,000 Amid Political Changes, Says Matrixport"},"content":{"rendered":"<p>With talk of new all-time highs, Matrixport analysts now believe their earlier $70,000 year-end target may be too conservative.<\/p>\n<p>In February 2024, when <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> was trading around $42,000, Matrixport forecasted a 65% rise to $70,000 by the end of the year.<\/p>\n<p>As Bitcoin currently approaches this level with two months left, the firm suggests it could surpass the target, citing potential shifts in market sentiment driven by the upcoming U.S. elections and the possibility of a Trump victory.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-140025\" href=\"https:\/\/cryptodnes.bg\/en\/teslas-bitcoin-transfer-fuels-speculation-ahead-of-earnings-report\/\" title=\"Tesla&#8217;s Bitcoin Transfer Fuels Speculation Ahead of Earnings Report\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/tesla-stock-might-crash-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Tesla&#8217;s Bitcoin Transfer Fuels Speculation Ahead of Earnings Report<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Analysts noted that if Trump wins and returns to the presidency in 2025, his administration\u2019s likely focus on deregulation could benefit Bitcoin and the broader crypto market, which often views regulatory constraints as limiting growth.<\/p>\n<p>Matrixport also highlighted its past accurate forecasts: in October 2022, it projected Bitcoin would hit $63,000 by the 2024 halving, coming within 1% of this goal, and its 2023 prediction of a 100% increase to $45,000 was nearly spot on, missing by less than 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s recent stability above $65,000 has fueled optimism for further market gains.<\/p>\n","protected":false},"author":3,"featured_media":101360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,424,122],"coin_category":[],"class_list":["post-140111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Poised to Surpass $70,000 Amid Political Changes, Says Matrixport<\/title>\n<meta name=\"description\" content=\"Bitcoin&#039;s recent stability above $65,000 has fueled optimism for further market gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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