Key Catalysts for Bitcoin's New Rise Becoming Clear, According to Crypto Financial Services Platform Matrixport! Here Are the Details

According to the latest report published by crypto financial services platform Matrixport, the key catalysts that will allow Bitcoin to enter a new bullish cycle are becoming increasingly clear. Matrixport: Key Catalysts for Bitcoin's New Uptrend Becoming Clear The report notes that despite positive developments such as strong capital inflows into Ethereum ETFs, growing institutional investor interest, and the potential approval of a staking mechanism by the US Securities and Exchange Commission (SEC), market enthusiasm has yet to fully manifest. This is supported by the fact that funding rates have only reached 15%. Historically, August and September have been among the weakest-performing periods of the year for Bitcoin, according to Matrixport analysis. Following the last US Federal Reserve (FOMC) meeting at the end of July, there are no clear policy catalysts in the market in the short term, with the next meeting scheduled for September 17. This means investors may be on the lookout and Bitcoin could trade sideways. However, the report notes that uncertainties in US fiscal policy remain a key support factor for assets like Bitcoin. In particular, former President Donald Trump's proposed $5 trillion debt limit increase plan caused the US Treasury debt stock to increase by more than 10% recently. Matrixport emphasizes that Bitcoin stands out as a hedge against such macroeconomic developments, while underlining that capital movements should be closely monitored in future pricing decisions. *This is not investment advice. Continue Reading: Key Catalysts for Bitcoin's New Rise Becoming Clear, According to Crypto Financial Services Platform Matrixport! Here Are the Details