Matrixport: bitcoin will rise above $ 100,000

Analysts at Matrixport said that bitcoin BTC $95,102.60 Bitcoin -0.13% Market capitalization $1.89 trillion VOL. 24 hours $1.76 billion could quickly surpass the $ 100,000 mark if new capital flows into the crypto market. The experts noted that after reaching $ 90,000, bitcoin’s positioning as a hedge against political instability and uncertain U.S. monetary policy has become even more stable.

Matrixport experts said that liquidity in the crypto market is currently improving, and new money is starting to flow into assets. According to them, after two months of mostly sideways movement with a slight increase, the first signs of an active inflow of fiat funds into cryptocurrencies have appeared. Similar dynamics in November have already triggered the rapid growth of bitcoin, and analysts believe that the situation may repeat itself in the next few months.

According to crypto experts, the current growth of the flagship crypto market looks more sustainable compared to previous market cycles. Investor interest in risky assets, including cryptocurrencies, is increasing due to the active attention of traditional financial institutions.

At the same time, experts warn that the publication of macroeconomic data and corporate reports in the United States this week could have a significant impact on the further dynamics of the bitcoin exchange rate. Maintaining the upward trend depends on economic indicators and sentiment in traditional financial markets.

Earlier, Jay Jacobs, director of exchange-traded products at BlackRock, said that the freezing of Russian assets worth $ 300 billion in 2022 was an important factor that drew the attention of governments and large investors to bitcoin as an alternative financial instrument.