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Matrixport Profile picture
@realMatrixport
May 2 • 4 tweets • 7 min read Twitter logo Read on Twitter
#Bitcoin Back Above $29k After #MtGox False Alert

📰Let’s dive into your weekly digest of specially curated reads by #Matrixport 📰

What’s #trending in #cryptocurrency? ⬇️⬇️⬇️ Image
1️⃣ #Bitcoin Slumped and Rebounded in Hours amid False Alarm on #US Government Dump
2️⃣ #Circle Launches Cross-Chain #USDC Transfer Protocol for #Ethereum, #Avalanche
3️⃣ Binance.US Calls off $1.3bn Deal for #Voyager’s #Assets, Citing a “Hostile Environment”
4️⃣ #Arbitrum #Blockchain #Airdrops $120m-worth #ARB #Tokens to Projects in its Ecosystem
5️⃣ #Visa Shares Plans for ‘Ambitious’ #Crypto Product Regarding #Stablecoin #Payments

READ OUR #NEWSLETTER IN FULL:
bit.ly/42h7rGO
Service Highlight:
#Matrixport's CEO, John Ge, advocates for real-world asset #tokenization, specifically #Tbills, as prime collateral for #DeFi lending protocols to access the DeFi ecosystem and generate additional returns.

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More from @realMatrixport

Matrixport Profile picture
May 4
#Bitcoin set to soar with projected target of $36,000 as technical breakout signals strong #rally amidst positive market outlook fueled by #stockbuybacks and #memecoins

🧵👇
Sub to our TG for the latest: t.me/matrixportupda… Image
1/10: #Bitcoin prices could be set to surge as the #cryptocurrency #trades within a narrowing triangle that is about to break to the upside, potentially projecting a move higher by around 6,100 points.
2/10: A #breakout could lead to a 20% increase from current prices, setting a target of $35,000/$36,000 for #Bitcoin (#BTC). Image
Read 12 tweets
Matrixport Profile picture
May 2
#Ethereum's #revenue sees fourth consecutive monthly increase, reaching $208m, but underperforms compared to #Bitcoin as global #crypto market faces #bearish trends. 🧵👇

Sub to our TG for the latest: t.me/matrixportupda… Image
1/10: #Ethereum's monthly #revenue has improved for the fourth consecutive month to $208m, but is still low. When monthly revenue began ramping up in 2021 and eclipsed >200m for the first time, #ETH was trading around $1,300. Image
2/10: #Bitcoin (#BTC) price is $28,048, above the 50d MA of $27,963, which is #bullish. #Ethereum (#ETH) price is $1,828, below the 50d MA $1,854, which is #bearish, with the price #WoW decreasing by -1.9%.
Read 12 tweets
Matrixport Profile picture
Apr 27
Why did #Bitcoin crash by -8% within 1 hour? Here's what happened with #MtGox and the #US government wallets 👇👇🧵

Sub to our TG for the latest: t.me/matrixportupda… Image
1/10: #Bitcoin crashed -8% in minutes on news that "wallets belonging to #MtGox and #US government are making transactions." Image
2/10: Our analysis suggests this won't have a big impact. The market is aware of eventual #Bitcoin distribution from these wallets.
Read 12 tweets
Matrixport Profile picture
Apr 26
#Bitcoin prices set to reach $45,000 this year, says report - Follow the 'fair value' roadmap for optimal #tradingstrategy ⬇️🧵

Sub to our TG for the latest: t.me/matrixportupda… Image
1/10: Despite recent #volatility, #Bitcoin prices are where they should be according to our #CPI/#FOMC roadmap laid out in Feb.
2/10: Based on the Jan. Effect, #Bitcoin could finish the year around $45k, which seemed optimistic at $22k, but is now achievable. Image
Read 12 tweets
Matrixport Profile picture
Apr 25
A Setback for #Bitcoin, A Chance for #Altcoins?

🗞 Let’s dive into your weekly digest of specially curated reads by #Matrixport 🗞️

What’s #trending in #cryptocurrency? ⬇️ Image
1️⃣ #Bitcoin Slips After a Sudden Sell-off and Release of #UK #Inflation Data
2️⃣ ‘#Pepe the Frog’ #MemeCoins Rocket as #Crypto #Twitter Moves on from #DOGE Obsession
3️⃣ #CMEGroup Set to Expand #ETH, #BTC #Derivatives Product Expiries
4️⃣ #SUINetwork Sets Date for #Mainnet Launch and Plan for #Token Allocation
5️⃣ #Starbucks Introduces a New #NFT Collection on the #Polygon Network

READ OUR #NEWSLETTER IN FULL: bit.ly/3oFcke2
Read 4 tweets
Matrixport Profile picture
Apr 25
From #bearish to #bullish: #crypto trends signal a potential buying opportunity at $27,500 for #Bitcoin and #Ethereum outperformance 🧵🧵

Sub to our TG for the latest: t.me/matrixportupda… Image
#Crypto #sentiment has cooled off, with our #Bitcoin Greed & Fear Index dropping to 44 (for #Ethereum, 46). Buying half a position at $27,500 could be a good re-entry level, with the possibility of the price dropping to $25,000 for the second half.
The decline in #stablecoin #marketcap suggests money is leaving the ecosystem, with #USDC and #BUSD dropping below $30bn and $6.5bn, respectively. Negative #funding rates for #Binance #BNB could indicate potential negative news.
Read 12 tweets

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