Matrixport Maintains Prediction of Bitcoin Price Surging to $45,000 by Year-End

Matrixport posted on the X platform, stating that despite market resilience, the bulls continue to dominate, and Bitcoin has withstood the selling pressure. Inflation data shows that the U.S. non-seasonally adjusted CPI year-on-year for October has dropped to 3.2%, suggesting the possibility of a rate cut by the Federal Reserve. The U.S. government did not experience a shutdown, ensuring government funding support and keeping the hope alive for the approval of a Bitcoin ETF. With the market maintaining a bullish outlook, Matrixport maintains its long-term expectation for Bitcoin's year-end target price of $45,000.