Matrixport: Bitcoin Surges to All-Time High Driven by Multiple Catalysts, Macro Environment Extremely Bullish
BlockBeats News, July 14 — Matrixport released its daily analysis, stating that on July 1 it had predicted Bitcoin could rise to $117,244, supported by strong seasonal trends in July. Although many had expected a relatively calm summer, data now suggests that Bitcoin is likely to break its all-time high.
Historically, Bitcoin’s average gain in July is 9.1%, with positive returns recorded in 7 out of the past 10 Julys. This time, several powerful catalysts are driving the market: 1) U.S. stock markets have reached record highs; 2) Trump is increasing pressure on the Federal Reserve; 3) The “Big and Beautiful Act” has passed, raising the debt ceiling.
All of this has created an extremely bullish macro environment for Bitcoin. Whether there is even more room for this rally will be further explored in subsequent analyses—but so far, the trend has matched previous forecasts exactly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank Earnings Hinge on Anthropic IPO as SpaceX Windfall Fades
On the eve of a competitor’s $106 billion IPO, Musk says: SpaceX (SPCX.US) Starlink must be affordable for Indians
Elon Musk has promised that Starlink’s pricing in India will be affordable, initiating a price war with Jio, which is planning an IPO with a valuation of 106 billions USD.
Nvidia (NVDA.US) plans to use "acquisition-style hiring" to secure Reflection AI: first investing 800 millions, then bypassing regulation by buying talent instead of the company.
Nvidia is in talks to increase its investment in or acquire Reflection AI, which has a pre-investment valuation of 25 billion USD. The acquisition may take the form of an acqui-hire to bypass regulatory scrutiny.
AI halo fading and foreign capital accelerating departure, South Korea’s stock market has shifted from the world’s strongest to the world’s weakest
Once the world's hottest destination for AI-related trading, the South Korean stock market is now experiencing a sharp cooling. While the Kospi led global gains in the first half of the year, it has since dropped 22% in the second half, becoming the worst-performing major index globally. Foreign investors have withdrawn $131 billions so far this year, with trading volume plummeting 70% from its peak, and retail investors’ leveraged capital has also shrunk significantly. Samsung Electronics saw a nearly ninefold surge in quarterly profits, yet its stock price declined. Meanwhile, several institutions have shifted to increase their allocations to the Taiwan stock market.
Crypto prices
More
