Crypto investment services firm Matrixport noted in a Wednesday report that bitcoin’s breakout above $36,000 is “imminent,” fueled by consistent BTC purchases during U.S. trading hours. This is coupled with a more accommodating macroeconomic environment for risk assets, with dovish Federal Reserve messaging, retreating bond yields and the U.S. Treasury Department slowing the pace of long-term debt issuance, the firm added.
Source: https://www.coindesk.com/markets/2023/11/08/bitcoin-breakout-toward-45k-imminent-says-matrixport/?utm_medium=referral&utm_source=rss&utm_campaign=headlines