Bitcoin
Bitcoin (BTC)
$57,486.00 5.56458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,258.84 2.48643
Ethereum price
BNB
BNB (BNB)
$395.94 -0.70434
BNB price
Solana
Solana (SOL)
$108.40 -1.02155
Solana price
XRP
XRP (XRP)
$0.5947840 8.1068
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 13.14323
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 57.79374
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056250 -2.01952
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 15.29436
Bonk price
Bitcoin
Bitcoin (BTC)
$57,486.00 5.56458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,258.84 2.48643
Ethereum price
BNB
BNB (BNB)
$395.94 -0.70434
BNB price
Solana
Solana (SOL)
$108.40 -1.02155
Solana price
XRP
XRP (XRP)
$0.5947840 8.1068
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 13.14323
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 57.79374
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056250 -2.01952
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 15.29436
Bonk price
Bitcoin
Bitcoin (BTC)
$57,486.00 5.56458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,258.84 2.48643
Ethereum price
BNB
BNB (BNB)
$395.94 -0.70434
BNB price
Solana
Solana (SOL)
$108.40 -1.02155
Solana price
XRP
XRP (XRP)
$0.5947840 8.1068
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 13.14323
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 57.79374
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056250 -2.01952
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 15.29436
Bonk price
Bitcoin
Bitcoin (BTC)
$57,486.00 5.56458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,258.84 2.48643
Ethereum price
BNB
BNB (BNB)
$395.94 -0.70434
BNB price
Solana
Solana (SOL)
$108.40 -1.02155
Solana price
XRP
XRP (XRP)
$0.5947840 8.1068
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 13.14323
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 57.79374
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056250 -2.01952
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 15.29436
Bonk price

Matrixport expects BTC to surge to $50k in January

matrixport-expects-btc-to-surge-to-50k-in-january
Edited by
News
Matrixport expects BTC to surge to $50k in January

Matrixport analysts expect an “explosive Bitcoin surge to $50,000” in January.

Experts shared this forecast in a Jan. 2 blog post stating that they believe that Bitcoin (BTC) is poised for a breakout early in the year after consolidation in mid-to-late December.

Analysts recalled that a year ago the market was bearish, but the situation now looks markedly different:

“We expect an immediate rally that once again catches investors off-guard.”

Matrixport analysts
Matrixport expects BTC to surge to $50k in January - 1
Source: Matrixport

With the possibility of spot Bitcoin ETFs being approved in early January, the likelihood that the price of BTC will rise significantly is expected by the authors of the report.

However, it is unlikely that this will be a news sell event, as an approval will legitimize Bitcoin as an asset class for institutional portfolios that can be used as collateral to purchase other assets, Matrixport said.

Another reason for the growth of BTC is the approaching halving. Experts recalled that the average profitability of Bitcoin in 2020, 2016, and 2012 was +192%. This could take Bitcoin to the $125,000 level, a number Matrixport set in July 2023 based on the “new yearly high” indicator.

On Jan. 2, the price of BTC crossed the $45,000 level for the first time since April 2022. Over the past 24 hours, BTC has risen in price by almost 7%, trading at $45,250.

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